Maple GOLD Appoints Paul Harbidge to Its Technical Committee and Provides Deep Drilling Update

PRESS RELEASE

February 7, 2023

MAPLE GOLD APPOINTS PAUL HARBIDGE TO ITS TECHNICAL COMMITTEE

AND PROVIDES DEEP DRILLING UPDATE

Vancouver, BC – (Newsfile Corp. – February 7, 2023) – Maple Gold Mines Ltd. (TSX -V:

MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold " or the " Company") is pleased to

announce the appoint ment of Paul Harbidge to its technical committee (the "Technical

Committee"), which helps guide exploration, drilling and project management at the Company's

projects located in Québec, Canada, and to provide an update on the ongoing deep drilling

programs at the Douay Gold Project ("Douay") and the Joutel Gold Project ("Joutel"), which

are held by a 50/50 joint venture ("JV") between the Company and Agnico Eagle Mines Limited.

Mr. Harbidge is an accomplished geologist with more than 25 years of experience and a track

record of discovering world -class gold deposits . He is currently President, Chief Executive

Officer and a Director of Faraday Copper Corp ., an emerging U.S. copper developer. Mr.

Harbidge was previously President and Chief Executive Officer of GT Gold Corp. and led the

company to a C$456 million acquisition by Newmont Mining Corp. in May 2021 . Prior to that,

Mr. Harbidge was Senior Vice President of Exploration for Goldcorp Inc. from 2016 until its

acquisition by Newmont Mining Corp in April 2019. He also led the exploration team at

Randgold Resources that was credited with five major gold discoveries. Mr. Harbidge holds a

First-Class Honours Degree in Geology from Kingston University, London (UK) and a Master

of Science in Mineral Exploration and Mining Geology from Leicester University (UK).

"We are thrilled to have Paul Harbidge join ou r Technical Committee , as his experience

successfully leading teams to multiple world -class gold discoveries further strengthens our

technical group during this critical phase of growth for the Company," stated Matthew Hornor,

CEO of Maple Gold. "2023 is shaping up to be an exciting ye ar for the JV as we approach

completion of the first phase (~6,000 m) of deep drilling at Joutel and with the planned deep

drilling campaign (~10,000 m) at Douay testing beneath the known 6 x 2 km resource footprint

already well underway."

A total of six (6) drill holes and drillhole extensions are planned at Douay, several of which are

expected to be drilled to 2,000 metres ("m") downhole or more. Deep drilling will test beneath

the current mineral resource (SLR 2022) and across the favorable Casa Berardi North Fault

corridor, where modeled wireframes demonstrate the potential for higher-grade (>2 grams per

tonne ("g/t") gold ("Au")) mineralization at greater depths.

Deep drilling at Douay commenced in early January 2023 with drill hole DO-23-331, which is

collared approximately 400 m southwest of the conceptual pit limits at the 531 Zone (see Figure

1). Previous drilling at the 531 Zone has returned some of the highest -grade and largest gold

accumulations (grade x thickness) to-date at Douay, including 8.8 g/t Au over 28.5 m at a depth

of 295.0 m in drill hole DO -21-310 (see news from September 9, 2021). While the primary

target for this hole is located approximately 1,900 m downhole, where it is expected to intersect

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the projection of the defined mineralized zone at the 531 Zone significantly down-plunge, DO-

23-331 will also serve to test the full width of the mineralized corridor in this area (see Figure

2). DO-23-331 is currently approaching 1,100 m downhole and is proving to be more

mineralized than anticipated in the hanging wall rocks (see drill core images with preliminary

observations in Plate 1).

Two (2) additional drill rigs were recently mobilized to Douay and as previously reported the

Company expects five (5) rigs to be turning concurrently throughout Q1/2023.

"We are encouraged and cautiously optimistic after observing significant pyrite mineralization

in the upper portion of the first deep drill hole in an area well south of the 531 Zone with very

limited drilling," stated Fred Speidel, VP Exploration of Maple Gold. "These initial observations

point to the potential for these deep drill holes to intersect new mineralized horizons enroute

to the targeted depths."

Figure 1: Plan view showing locations of DO-23-331 and DO-23-332 (both in progress) with line of

section for DO-23-331.

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Figure 2: Cross section (300 m total width) looking WNW showing DO-23-331 drill hole trace with

position of Casa Berardi North Fault (CBNF) and primary target corridor at depth.

Plate 1: DO-23-331 drill core with fenitized (biotite-calcite-altered) and pyritized basalt at 324 m

downhole.

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Assays for the entire deep drilling program (Douay and Joutel) are pending and results will be

released on a periodic basis over the coming months once they are received and interpreted.

Option Issuance

The Company has approved the grant to certain consult ants of stock options ("Options") to

purchase an aggregate of 200,000 common shares of the Company at an exercise price of

$0.26 per common share. The Options have a 5-year term and vest 1/3 immediately, 1/3 in 12

months and 1/3 in 24 months from the date of grant until fully vested.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared

under the supervision of Fred Speidel, M. Sc., P. Geo., Vice -President Exploration of Maple

Gold. Mr. Speidel is a Qualified Person under National Instrument 43 -101 Standards of

Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration

information disclosed in this press release through his direct participation in the work.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture

with Agnico Eagle Mines Limited to jointly advance the district -scale Douay and Joutel gold

projects located in Québec's prolific Abitibi Greenstone Gold Belt. The pr ojects benefit from

exceptional infrastructure access and boast ~400 km 2 of highly prospective ground including

an established gold resource at Douay (SLR 2022) that holds significant expansion potential

as well as the past -producing Eagle, Telbel and Eagl e West mines at Joutel. In addition, the

Company holds an exclusive option to acquire 100% of the Eagle Mine Property.

The district -scale property package also hosts a significant number of regional exploration

targets along a 55 km strike length of the Ca sa Berardi Deformation Zone that have yet to be

tested through drilling, making the project ripe for new gold and polymetallic discoveries. The

Company is well capitalized and is currently focused on carrying out exploration and drill

programs to grow reso urces 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.

"Matthew Hornor"

B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Mr. Joness Lang

Executive Vice-President

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Cell: 778.686.6836

Email: [email protected]

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:

This press 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, including statements

about exploration work and results from current and future work programs . Forward -looking statements are based on

assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially

from the Company's expectations and projections. Investors are cautioned that forward -looking statements involve risks and

uncertainties. Accordingly, readers should not plac e undue reliance on forward -looking statements. For a more detailed

discussion of such risks and other factors that could cause actual results to differ materially from those expressed or impli ed

by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings with Canadian securities regulators available on

www.sedar.com or the Company 's website at www.maplegoldmines.com. The Company does not intend, and expressly

disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information,

future events or otherwise, except as required by law.