Maple Gold Mines Ltd. reported initial assay results from the first drill hole of the Company's Phase II drill program at its 100%-controlled Eagle Mine Property ("Eagle") in Québec, Canada. The Phase II program consisted of four master diamond drill holes and one daughter diamond drill hole totaling 4,700 metres ("m") to test potential extensions of mineralization along and beneath the past- producing, high-grade Eagle-Telbel mine trend. The highlighted intercept in EM-22-009 is located to the north of the main modeled Eagle mine horizon in the hanging wall microgabbro.

There is limited historical drilling in the hanging wall at Eagle and drill holes were not typically assayed for gold as previous operators were not focused on this mineralization style and favourable structural-stratigraphic target type. The new EM-22-009 intercept and other notable high-grade historical intercepts hosted in the same microgabbro unit are further indications of additional styles of gold mineralization at Eagle beyond the known Eagle-Telbel style mined historically and suggest multiple gold events that may provide for broader gold distribution than previously interpreted. The EM-22-009 intercept is significant because these results are not found within the broadly conformable horizon mined at Eagle in the past, but instead within a microgabbro some distance to the north, which is characterized by an increase in intensity of alteration and deformation associated with a quartz-carbonate-pyrite vein zone, which the Company's geologists believe is structurally-controlled and therefore inconsistent with the syn-volcanic exhalative style of mineralization used as a predictive model in the past.

Thus, in addition to pursuing favorable stratigraphic horizons (syn-volcanic exhalative gold mineralization), it is now justifiable to pursue superimposed structural targets (orogenic gold mineralization) as well. The Company's Phase I/II drilling at Eagle has confirmed that in addition to the conformable semi-massive pyrite horizon mined historically at Eagle-Telbel, multiple additional zones which may or may not be conformable, overlapping with the Harricana Deformation Zone, are also prospective. This includes not only the microgabbro interval, but also the Harricana Group sediments still further to the north.

The Harricana Group sediments to Cartwright Group basalts contact may represent a further, largely untested target. Phase III drilling at Eagle, which is expected to commence in Q4/2022, will follow-up not only on the best results of the first two drilling phases, but also on the results of previous downhole electromagnetic ("EM") surveys, on ranked airborne EM targets from the recently competed Mag-EM survey, and on a recently completed high-resolution drone magnetic survey. Due to recent electrical issues at site, the Company has faced challenges with its core saws resulting in a temporary backlog of assay results.

The Company has contracted third-party core cutting providers to secure its immediate needs, has procured standby equipment, and is making necessary upgrades to ensure long-term efficiencies and redundancies so that similar problems are avoided in the future.