Maple GOLD Appoints New Chief Financial Officer to Management Team
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
November 21, 2024
MAPLE GOLD APPOINTS NEW CHIEF FINANCIAL OFFICER TO MANAGEMENT TEAM
Vancouver, BC – (Newsfile Corp. – November 21, 2024 ) – Maple Gold Mines Ltd. (TSX-V: MGM)
(OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to announce the
appointment of Mr. Nicholas (Nick) Furber, CA (ICAE W), CFA to the role of Chief Financial Officer
("CFO"), effective immediately. Mr. Furber is a seasoned CFO with strategic capital markets experience
in growth-oriented businesses within the mining industry. He will be assuming the CFO responsibilities
from Mr. Michael Rukus, CGA, CPA who will continue with the Company in another role.
“I am delighted to welcome Nick Furber to our senio r management team and look forward to his
contributions as the Company enters an exciting new phase of growth,” stated Kiran Patankar,
President and CEO of Maple Gold. "His prior experience as CFO helping to guide mining companies
from exploration, through development and into prod uction will help drive ongoing value creation for
Maple Gold shareholders. I would also like to thank Michael Rukus for his diligent work and stewardship
of our finances during his time as Interim CFO and look forward to the continuity he will provide in his
ongoing role with the Company.”
Nick Furber, CA (ICAEW), CFA – CFO
Nick Furber, CA (ICAEW), CFA is senior financial pr ofessional with over 25 years of experience
providing consulting, management and financial advi sory services for private and publicly traded
companies, primarily focused in the mining industry . This included 10 years as CFO and Corporate
Secretary of Dynasty Metals & Mining Inc. ("Dynasty") when Dynasty evolved from gold exploration into
a producer listed on the Toronto Stock Exchange ("T SX"). Mr. Furber also brings over 10 years of
accounting, mergers & acquisitions, valuations and due diligence experience in a variety of industries
gained while working at PricewaterhouseCoopers. Mr. Furber was educated in the United Kingdom and
has his Chartered Accountant (ICAEW) and Chartered Financial Analyst designations.
Stock Option Issuance
The Company's Board of Directors has approved the grant of stock options ("Options") to purchase an
aggregate of 850,000 common shares of the Company ( each, a "Common Share") with an exercise
price of $0.055 per Common Share to certain employees, officers, and consultants. Once vested, each
Option is exercisable into one Common Share for a p eriod of five years from the grant date. The
Company's Equity Incentive Plan (the "Plan") govern s these Options, as well as the terms and
conditions of their exercise, which is in accordance with policies of the TSX Venture Exchange. Further
details regarding the Plan are set out in the Company's Management Information Circular filed on July
26, 2024, which is available on SEDAR+.
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.
TSX.V : MGM 2
OTCQB : MGMLF
Maple Gold’s 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 property ripe for new gold and polymetallic 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
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.