Maple Gold Mines Ltd. announced that a third drill rig has been secured to commence a 5,000 metre Phase III drill program at its 100%-controlled Eagle Mine Property. The third rig is expected to arrive at site by mid-October, keeping the Company on track to complete approximately 30,000 m across its district-scale 400 km2 property package in Québec, Canada by year-end. Further to the Company's news release on August 3, 2022, 2 rigs are now turning on deep drill holes beneath and adjacent to the historical underground mine workings in the Telbel mine area at the Joutel Project, which is held by a 50/50 joint venture ("JV") between Maple Gold and Agnico Eagle Mines Limited.

In addition, the Company expects to secure a fourth drill rig in November to commence deep drilling at the JV's Douay Project. The Company is also pleased to announce that it has resolved the electrical issues at site that affected its core saws, effectively removing its core cutting backlog and enabling several large batches of samples from previously completed drilling to be sent to the assay labs. Deep drilling at Telbel is progressing steadily with 2 drill rigs actively testing the down- plunge continuity of gold mineralization in this area.

Drill hole TB-22-001 (drilled from south to north) is approaching 1,500 m downhole and has encountered a broad near-surface zone of felsic-pyroclastic-hosted pyrite mineralization enroute to a planned total downhole depth of 2,000 m. Initial samples from TB-22-001 have already been shipped to the assay lab. Drill hole TB-22-002 (drilled from north to south) is collared 2.4 km to the east of TB-22-001 and is currently nearing 900 m downhole. In addition, the Company anticipates commencing a 10,000 m deep drilling program at Douay with a fourth drill rig in November.

The JV has approved a combined 16,000 m of deep drilling at Douay and Telbel under the previously announced CAD 4.8 million increase to its Year Two exploration budget. The Company has also recently completed a new 534 m exploration drill hole at Douay (DO-22-330) collared approximately four (4) km south of the 531 Zone along the regional Casa Berardi South Fault, locally known as the Joutel Deformation Zone ("JDZ"). The JDZ has seen very limited drilling to-date in this area, with only a single historical drill hole over a 9 km segment of this structural corridor.

The Company's recently completed airborne magnetic and electromagnetic ("Mag-EM") survey identified several conductive targets along trend to the southwest on the Joutel property providing further support for the JDZ as a favourable structural corridor for hosting gold mineralization. Initial drill core observations from DO-22-330 highlight the potential for Casa-Berardi style gold mineralization associated with brecciated and pyritic quartz veins in graphitic fault zones.