Maple GOLD Announces Early Exercise of Warrants BY Michael Gentile
600-1111 West Hastings Street O: +1 (647) 266-8688
Vancouver, BC, V6E 2J3 E: [email protected]
Canada W: maplegoldmines.com
TSX.V: MGM | OTCQX: MGMLF | FSE: M3G0
PRESS RELEASE
March 19, 2026
MAPLE GOLD ANNOUNCES EARLY EXERCISE OF WARRANTS BY MICHAEL GENTILE
Vancouver, British Columbia – (Newsfile Corp. – March 19, 2026) – Maple Gold Mines Ltd. (TSX-V:
MGM) (OTCQX: MGMLF) (FSE: M3G0) ("Maple Gold" or the "Company") is pleased to announce
that it has received total proceeds of $2,315,779.10 from the early exercise of 2,724,446 common share
purchase warrants of the Company ("Warrants") by strategic investor Michael Gentile. Mr. Gentile’s
resulting ownership interest in the Company has increased from approximately 4.7% to approximately
8.4% on an undiluted basis. The Warrants had an exercise price of $0.85 per common share of the
Company and were originally issued on September 9, 2025, with an expiry date of September 9, 20281.
Following the exercise of the Warrants, Maple Gold has approximately $29 million in cash, no debt and
approximately 70 million common shares issued and outstanding. The Company’s strong balance sheet
provides ample runway to support the continued exploration and development of its 100% -owned
Douay Gold Project (" Douay") and Joutel Gold Project (" Joutel") (together, " Douay/Joutel" or the
"Property") located along the Casa Berardi-Douay Gold Trend in Québec, Canada.
Kiran Patankar, President and CEO of Maple Gold , stated: “I would like to sincerely thank Michael
Gentile for his continued support and confidence, as demonstrated by this early exercise of Warrants.
These proceeds further strengthen our balance sheet and will support the continued advancement and
de-risking of Douay/Joutel. We believe the Company is well positioned with several near-term catalysts,
including an updated mineral resource estimate and ongoing drill results from our fully funded 30,000-
meter expansionary drill program, the largest in the Property’s history.”
Michael Gentile added: “My decision to early exercise these warrants and substantially increase my
ownership interest in Maple Gold reflects my strong conviction in the Company’s assets, team and
disciplined approach to growth. I am encouraged by the positive steps being taken to unlock the
inherent value of this highly prospective land package and am pleased to continue supporting the
Company as it advances its strategic objectives.”
The common shares issued upon exercise of the Warrants remain subject to lock-up agreements for a
12-month hold period that extends until September 9, 2026 (unless otherwise accelerated)1, applicable
Canadian securities laws and the policies of the TSX Venture Exchange.
Key Catalysts
The Company expects to deliver several important catalysts in H1 2026 aimed at establishing a
significant district-scale gold camp in the heart of the Abitibi. These include the following:
• Updated mineral resource estimate ("MRE") for Douay and maiden MRE for Joutel, neither of
which include results from the current drill program underway.
• Preliminary project trade-offs and internal scoping/engineering study to support potential PEA
in H2 2026.
1 See news release dated September 9, 2025 and titled: “Maple Gold Closes Oversubscribed $5 Million Private
Placement”.
TSX.V: MGM | OTCQX: MGMLF | FSE: M3G0 2
• Further results from an ongoing, fully funded 30,000-metre winter drill program at Douay/Joutel.
Seven (7) holes (3,100 m; ~10% of approved metres) have been reported out of the 39 holes
(~17,000 m; ~57% of approved metres) completed to date.
• Additional step-out drill results at Douay /Joutel expected to support further resource growth ,
refinement of priority targets across the Property and expanded drill programs through 2027 ,
which the Company currently expects to fund from its existing treasury.
Upcoming Investor Events
• March 18 – 19, 2026: Swiss Mining Institute, Zurich, CH
• March 26, 2026: GCFF Gold Conference Series (Virtual)
• May 1 – 2, 2026: NRS Expo Featuring Michael Gentile, Atlanta, GA
• May 19 – 21, 2026: CG 5th Annual Global Mining & Metals Conference, Lake Las Vegas, NV
• June 2 – 4, 2026: The Mining Investment Event + Core Shack, Quebec City, QC
• September 22 – 25, 2026: Precious Metals Summit, Beaver Creek, CO
About Maple Gold
Maple Gold Mines Ltd. is a well -funded Canadian advanced exploration company focused on
advancing its 100%-owned, district-scale Douay/Joutel Gold Project located in Québec's prolific Abitibi
Greenstone Gold Belt. Douay/Joutel benefits from exceptional inf rastructure access and boasts ~481
square kilometers 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.
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 VMS discov eries. 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 heart of the Abitibi. For more information, please visit
www.maplegoldmines.com.
ON BEHALF OF MAPLE GOLD MINES LTD.
"Kiran Patankar"
Kiran Patankar, President & CEO
For Further Information, Please Contact:
Sarah Herriott, Vice President, Investor Relations & Corporate Development
Phone: +1 (647) 265-8688
Email: [email protected]
Website: www.maplegoldmines.com
LinkedIn: https://www.linkedin.com/company/maplegoldmines
TSX.V: MGM | OTCQX: MGMLF | FSE: M3G0 3
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
Forward Looking Statements and Cautionary Notes:
This news release contains “forward-looking information” and “forward -looking statements” (collectively referred to as
“forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada. Forward -looking
statements are statements that are not his torical facts; they are generally, but not always, identified by the words “expects,”
“plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,”, “strategy” ,
“prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” 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 execution of the Company’s exploration plans through 2027, advancing systematic
resource growth at Douay /Joutel, evaluation of regional targets across the Company’s district-scale portfolio , 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 current and future work programs. Although the Company believes that forward-
looking statements in this news release are reasonable, it can give no assurance that such expectations will prove to be
correct, as forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future
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 that 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 Document 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 undertakes 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.