The Company entered into a definitive conveyance and option agreement on June 20, 2024 with Agnico that will result in Maple Gold obtaining legal title and 100% ownership interest in both the Douay and Joutel properties, with anticipated closing in Q4, 2024. Additional information can be found in the Company's news release dated June 20, 2024.

Key Terms of the conveyance and option agreement:

• The joint venture agreement (dated February 2, 2021) between Maple Gold and Agnico Eagle will be terminated. 

• Agnico Eagle will transfer its legal title in the JV Assets to Maple Gold. 

• Maple Gold will grant Agnico Eagle: 

• A 1.0% net smelter return royalty on the JV Assets. 

• An exclusive Construction Option to acquire 50% ownership in the JV Assets upon mine development approval, requiring a payment of 200% of Maple Gold’s Project Expenditures plus C$12M. 

• An exclusive Restart Option to acquire 50% ownership in the JV Assets if mine development is suspended, requiring payment of 200% of prior Project Expenditures, 50% of subsequent expenditures, and C$12M. 

The Douay Project resource remains open in multiple directions laterally with significant resource expansion potential. Significant drill gaps of hundreds of metres remain throughout the 6-by-2 km resource area, with many areas in and around the resource underexplored. Maple Gold and Agnico share a common vision for realizing the exploration potential at the Douay Gold Project. With close collaboration and by employing modern approaches to exploration, management believes there is strong potential for expanded mineral resources and new gold discoveries across the district-scale property package.