Maple GOLD Announces Annual General and Special Meeting Results and Shareholder Approval of Joint Venture Restructuring Transaction
600 -1111 West Hastings Street O: +1 (647) 266 -8688
Vancouver, BC, V6E 2J3 E: [email protected]
Canada W: maplegoldmines.com
TSX.V : MGM
OTCQB : MGMLF
PRESS RELEASE
September 10, 2024
MAPLE GOLD ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS AND
SHAREHOLDER APPROVAL OF JOINT VENTURE RESTRUCTURING TRANSACTION
Vancouver, BC – (Newsfile Corp. – September 10, 202 4) – Maple Gold Mines Ltd. (TSX-V: MGM)
(OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to announce that all
proposed resolutions at its Annual General and Spec ial Meeting of Shareholders held on September
9, 2024 were duly passed by an overwhelming majorit y of shareholders. This includes minority
shareholder approval of the restructuring transacti on (the "Restructuring Transaction") between the
Company and Agnico Eagle Mines Limited that will result in Maple Gold obtaining legal title and a 100%
ownership interest in the multi-million-ounce 1 Douay Gold Project ("Douay") and the past-producing,
high-grade Joutel Gold Project ("Joutel") (together , the "Projects") located along the Casa Berardi-
Douay Gold Trend in Québec, Canada. See the Company ’s news release dated June 20, 2024 for
further details on the Restructuring Transaction.
The results for each of the matters voted upon at the meeting are set out below:
FOR AGAINST
WITHHELD /
ABSTAIN RESTRICTED NON VOTE FOR AGAINST
WITHHELD /
ABSTAIN
Number of Directors Set at 5 182,004,926 1,147,836 - - - 99.37% 0.63% 0.00%
Elect as Director:
Michelle Roth 131,412,754 - 28,731,18 4 - 23,008,824 82.06% 0.00% 17.94%
Kiran Patankar 158,970,515 - 1,173,42 3 - 23,008,824 99.27% 0.00% 0.73%
Darwin Green 158,320,641 - 1,823,297 - 23,008,824 98.86% 0.00% 1.14%
Maurice A. Tagami 158,512,447 - 1,631 ,491 - 23,008,824 98.98% 0.00% 1. 02%
Gérald Riverin 158,321,604 - 1,822,33 4 - 23,008,824 98.86% 0.00% 1.14%
Appointment of Auditors 182,338,331 - 814,431 - - 99.56% 0.00% 0.44%
Approval of Amended and Restated
Equity Incentive Plan 138,719,469 21,424,469 - - 23,008,824 86.62% 13.38% 0.00%
Approval of the Restructuring Transaction 86,109,667 2,608,902 - 71,425,3 69 23,008,824 97.06% 2.94% 0.00%
PERCENTAGE OF VOTES CAST NUMBER OF SHARES
RESOLUTION
"We are pleased by this strong vote of confidence from shareholders in the Company’s leadership and
in favour of the Restructuring Transaction, which consolidates ownership of the Projects and effectively
doubles our attributable gold mineral resource base ," stated Kiran Patankar, President and CEO of
Maple Gold. "Upon completion, Maple Gold will gain 100% control of an established gold mineral
resource at Douay, a past-producing, high-grade gold mining complex at Joutel and a fertile and as yet
underexplored ~400 km 2 land package straddling one of the three major regional deformation zones in
the Abitibi, with a clear path to advance the Projects. The Company expects to close the Restructuring
1 The Douay Project contains Indicated Mineral Resour ces estimated at 10 million tonnes at a grade of 1. 59 g/t Au, and
Inferred Mineral Resources estimated at 76.7 millio n tonnes at a grade of 1.02/t Au. See the technical report for the Douay
Gold Project entitled “Technical Report on the Doua y and Joutel Projects Northwestern Québec, Canada R eport for NI 43-
101” prepared by SLR Consulting (Canada) Ltd. with an effective date of March 17, 2022 and dated April 29, 2022.
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Transaction in the coming days and we look forward to announcing our plans for a fully financed
Fall/Winter drilling campaign in due course."
Qualified Person
The scientific and technical data contained in this press release was reviewed and approved by Jocelyn
Pelletier, M.Sc., P.geo., Chief Geologist of Maple Gold. Mr. Pelletier is a Qualified Person under
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Maple Gold
Maple Gold Mines Ltd. is a Canadian advanced exploration company focused on advancing the district-
scale Douay and Joutel gold projects located in Qué bec's prolific Abitibi Greenstone Gold Belt. The
projects benefit from exceptional infrastructure access and boast ~400 km 2 of highly prospective ground
including an established gold mineral resource at Douay with significant expansion potential as well as
the past-producing Telbel and Eagle West mines at Joutel. In addition, the Company holds an exclusive
option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex.
The district-scale property package also hosts a significant number of regional exploration targets along
a 55-km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling,
making the project ripe for new gold and polymetall ic discoveries. The Company is currently focused
on carrying out exploration and drill programs to grow mineral resources and make new discoveries to
establish an exciting new gold district in the hear t of the Abitibi. For more information, please visi t
www.maplegoldmines.com .
ON BEHALF OF MAPLE GOLD MINES LTD.
"Kiran Patankar"
Kiran Patankar, President & CEO
For Further Information Please Contact:
Mr. Kiran Patankar
President & CEO
Tel: 604.639.2536
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VEN TURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
Forward Looking Statements and Cautionary Notes:
This news release contains “forward-looking informa tion” and “forward-looking statements” (collectivel y referred to as
“forward-looking statements”) within the meaning of applicable Canadian securities legislation in Cana da. Forward-looking
statements are statements that are not historical f acts; they are generally, but not always, identifie d by the words “expects,”
“plans,” “anticipates,” “believes,” “intends,” “est imates,” “projects,” “aims,” “potential,” “goal,” “ objective,”, “strategy”,
“prospective,” and similar expressions, or that eve nts or conditions “will,” “would,” “may,” “can,” “c ould” or “should” occur, or
are those statements, which, by their nature, refer to future events. Forward-looking statements in this news release include,
but are not limited to, statements about the resource expansion and discovery potential across the Company’s gold projects,
and its intention to pursue such potential, and the Company’s exploration work and results from curren t and future work
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programs. Although the Company believes that forwar d-looking statements in this news release are reaso nable, it can give
no assurance that such expectations will prove to b e correct, as forward-looking statements are based on assumptions,
uncertainties and management’s best estimate of fut ure events on the date the statements are made and involve a number
of risks and uncertainties. Consequently, actual events or results could differ materially from the Company’s expectations and
projections, and readers are cautioned not to place undue reliance on forward-looking statements. For a more detailed
discussion of additional risks and other factors th at could cause actual results to differ materially from those expressed or
implied by forward-looking statements in this news release, please refer to the Company’s filings with Canadian securities
regulators available on the System for Electronic D ocument Analysis and Retrieval Plus (SEDAR+) at www.sedarplus.ca or
the Company’s website at www.maplegoldmines.com . Except to the extent required by applicable securities laws and/or the
policies of the TSX Venture Exchange, the Company u ndertakes no obligation to, and expressly disclaims any intention to,
update or revise any forward-looking statements whether as a result of new information, future events or otherwise.