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Maple Gold Announces $12 Million Brokered Life Offering and a Concurrent $4 Million Non-Brokered Private Placement

Not for distribution to United States news wire services or for dissemination in the United States

VANCOUVER, British Columbia, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Maple Gold Mines Ltd. (TSXV:MGM) (OTCQX:MGMLF) (FSE: M3G0) ("Maple" or the "Company") announces today that it has entered into an agreement pursuant to which Canaccord Genuity Corp. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (the "Agents"), in connection with a best efforts private placement of up to 3,525,000 flow-through shares of the Company (each, a "FT Share") at a price of $3.40 per FT Share (the "Issue Price"), for gross proceeds of up to $11,985,000 (the "LIFE Offering").

In addition to the LIFE Offering, the Company announces its intention to complete a concurrent non-brokered private placement offering for gross proceeds to the Company of up to $4,015,085 (the "Concurrent Private Placement", and together with the LIFE Offering, the "Offering") consisting of up to 1,070,960 FT Shares at the Issue Price and up to 152,580 non-flow-through shares of the Company (each, a "NFT Share") at a price of $2.45 per NFT Share.

Strategic investor Michael Gentile has indicated that he intends to participate in the Offering to maintain his approximate 8.4% partially diluted interest.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, pursuant to the Income Tax Act (Canada) (the "Tax Act"), to incur (or be deemed to incur) eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Tax Act) (the "Qualifying Expenditures") related to the Company's projects in Canada as more fully described in the offering document, on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2026. In the event the Company is unable to renounce Qualifying Expenditures effective on or prior to December 31, 2026 for each FT Share purchased in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares or the Qualifying Expenditures are otherwise reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of the FT Shares for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction as agreed. The Company intends to use the net proceeds from the sale of NFT Shares under the Concurrent Private Placement for general and administrative expenses and unallocated working capital purposes over a period of 12 months following ...