Maple GOLD Files Technical Report and Mineral Resource Estimate FOR the Douay GOLD Project
PRESS RELEASE
May 2, 2022
MAPLE GOLD FILES TECHNICAL REPORT AND MINERAL RESOURCE
ESTIMATE FOR THE DOUAY GOLD PROJECT
Vancouver, BC – (Newsfile Corp. – May 2, 2022) - Maple Gold Mines Ltd. (TSX -V: MGM)
(OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the " Company") is pleased to announce
that it has filed a technical report in accordance with National Instrument 43 -101 – Standards
of Disclosure for Mineral Projects for the Douay Gold Project ( "Douay") and the Joutel Gold
Project ("Joutel"), which are both held by a 50/50 joint venture (the "JV") between the Company
and Agnico Eagle Mines Limited. The technical report entitled “NI 43-101 Technical Report on
the Douay and Joutel Projects , Northwestern Québec, Canada” was prepared by SLR
Consulting (Canada) Ltd. to support the disclosure of the updated Douay mineral resource
estimate, with an effective date of March 17, 2022, and to document the exploration status of
Joutel. The technical report is available on SEDAR (www.sedar.com) and on the Company’s
website (www.maplegoldmines.com).
Maple Gold’s news release dated March 17, 2022, which is also available on SEDAR and the
Company’s website , summarizes key results, assumptions and estimates contained in the
technical report. The Company is pleased to report that there are no material differences
between the key results, assumptions and estimates contained in the news release dated
March 17, 2022 and the content of the technical report filed today.
Qualified Persons
The mineral resources disclosed in this news release have been estimated by Ms. Marie -
Christine Gosselin, P.Geo., an employee of SLR and independent of Maple Gold Mines. By
virtue of her education and relevant experience, Ms. Gosselin is a "Qualified Person" for the
purpose of NI 43 -101. Mineral resources have been classified in accordance with CIM
Definition Standards for Mineral Resources and Mineral Reserves (May 2014). Ms. Gosselin,
P.Geo. has read and approved the contents of this press release as it pertains to the disclosed
mineral resource estimates.
The scientific and technical data contained in this news release was reviewed and prepared
under the supervision of Mr. Fred Speidel, M. Sc., P. Geo., Vice-President Exploration of Maple
Gold. Mr. Speidel is a Qualified Person under NI 43 -101. 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 Quebec’s prolific Abitibi Greenstone Gold Belt. The pr ojects benefit from
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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 Eagle 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 Casa 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 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.
Cautionary Note Regarding Mineral Resource Estimate
Readers are cautioned that mineral resources are not mineral reserves and have not
demonstrated economic viability. The mineral resource estimate is classified in accordance
with the Canadian Institute of Mining, Metallurgy and Petroleum's "CIM Definition Standards
on Mineral Resources and Mineral Reserves" incorpora ted by reference into National
Instrument 43-101 – Standards of Disclosure for Mineral Projects. There is no guarantee that
any part of the mineral resources discussed herein will be converted into a mineral reserve in
the future.
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
Cell: 778.686.6836
Email: [email protected]
Mr. Kiran Patankar
SVP, Growth Strategy
Cell: 604.935.9577
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.
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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 fro m 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 place undue reliance on forward -looking statements. For a more detailed
discussion of such risks and other factors that co uld cause actual results to differ materially from those expressed or implied
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.