Montreal, Quebec--(Newsfile Corp. - March 26, 2019) - Maple Gold Mines Ltd. (TSXV:
MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce
that it has increased its previously announced non-brokered private placement financing to up to C$2,600,000 (the "Offering") with
support from one of its largest shareholders.
On March 15, 2019 the Company announced its intention to raise up to C$2,300,000 in flow-through financing (the "First Tranche")
through the issuance of 18,400,000 common shares (the "Shares") at a price of C$0.125 per share. The additional C$300,000 in
hard-dollar financing (the "Second Tranche") is being raised through the issuance of up to 3,000,000 Shares at a price of C$0.10
per share, for total gross proceeds to the Company of up to C$2,600,000. There are no warrants associated with this financing.
Maple Gold is pleased to announce that it has closed the First Tranche of the Offering, which was completed with CMP 2019
Resource Limited Partnership ("CMP"), an investment fund managed by Goodman & Company, Investment Counsel Inc., an affiliate of
Dundee Corporation, and Sprott Asset Management ("Sprott"). The Company is very pleased to welcome CMP and Sprott as
shareholders.
All Shares issued in connection with the Offering will be subject to a four-month hold period from the date of closing. The
Company intends to use the net proceeds from the private placement to drill top-priority targets at the Douay Project and for
general corporate purposes. There are no finder's fees associated with the flow though portion of the Offering and no pro group
participation. The closing of the second tranche is expected to take place in the second week of April.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended,
(the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for
the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the
solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
About Maple Gold
Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of
the world's premier mining jurisdictions. The Company's ~392 km² Douay Gold Project is located along the Casa Berardi Deformation
Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent
infrastructure and has an established gold resource3 that remains open in multiple directions. 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
VP, Corporate Development
Office: +1 416.306.8124
Email: jlang@maplegoldmines.com
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 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 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. Forward-looking
statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein,
words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements.
Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed
reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve
known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements
to be materially different from any future events, results, performance, or achievements expressed or implied by such
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 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.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE
AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
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