en.Wedoany.com Reported - Maple Gold Mines Ltd. has released an updated mineral resource estimate for its Douay/Joutel gold project, located in the Casa Berardi-Douay gold belt in Quebec, Canada. The project now hosts a combined indicated resource of 905,000 ounces of gold (19.1 million tonnes at 1.48 g/t) and an inferred resource of 4,297,000 ounces of gold (130.2 million tonnes at 1.03 g/t). This estimate is based on a technical report prepared by SLR Consulting (Canada) Ltd., dated June 11, 2026, with an effective date of April 24, 2026.

Within the Douay project, the open-pit constrained mineral resource estimate (cut-off grade of 0.35 g/t gold) comprises: indicated resources of 731,000 ounces of gold (17.3 million tonnes at 1.31 g/t gold) and inferred resources of 2,744,000 ounces of gold (111.1 million tonnes at 0.77 g/t gold). The Douay underground mineral resource estimate (cut-off grade of 0.98 g/t gold) comprises: indicated resources of 48,000 ounces of gold (0.9 million tonnes at 1.66 g/t gold) and inferred resources of 560,000 ounces of gold (11.7 million tonnes at 1.50 g/t gold). The Joutel project has its first underground mineral resource estimate (cut-off grade of 1.70 g/t gold): indicated resources of 126,000 ounces of gold (0.9 million tonnes at 4.53 g/t gold) and inferred resources of 992,000 ounces of gold (7.5 million tonnes at 4.11 g/t gold).

Compared to the 2022 mineral resource estimate, the 2026 estimate shows total indicated resources at the Douay project increased by 82% to 779,000 ounces of gold, and total inferred resources increased by 60% to 3,305,000 ounces of gold. With the addition of the Joutel project underground resources, the combined project total indicated resources increased by 77% to 905,000 ounces of gold, and total inferred resources increased by 70% to 4,297,000 ounces of gold (Note: This corrected figure addresses a non-material arithmetic error in the company's April 27, 2026 news release).

This updated mineral resource estimate does not incorporate results from the company's ongoing 32,000-meter drilling program. Since the data cut-off date of November 1, 2025, approximately 67 drill holes totaling about 31,200 meters have been completed. The company plans additional, fully funded drilling in the second half of 2026 and into 2027.

Kiran Patankar, President and CEO of Maple Gold, stated that the updated mineral resource estimate marks rapid growth in Douay resources while establishing the first high-grade gold resource at Joutel. The project combines meaningful scale, attractive grade characteristics, and significant near-term upside potential. The company plans to further expand mineral resources and achieve new discoveries over the next 12 months through fully funded drilling and project de-risking measures.

This mineral resource estimate has been constrained within conceptual open pit and underground shapes based on reasonable assumptions for mining, metallurgy, economics, and permitting parameters. The estimate uses a long-term gold price of $2,500 per ounce and a USD to CAD exchange rate of 1:1.35. The minimum mining width is 3 meters for resource domain wireframes at the Douay project and 2 meters at Joutel. Mineral resources follow CIM (2014) definitions; mineral resources that are not mineral reserves do not have demonstrated economic viability.

Maple Gold Mines Ltd. is a well-funded Canadian advanced exploration company focused on advancing its 100%-owned Douay/Joutel gold project, located in the Abitibi greenstone gold belt in Quebec, covering approximately 481 square kilometers of exploration area with excellent infrastructure. The historic Eagle, Eagle West, and Telbel gold mines at Joutel produced between 1974 and 1993, yielding a total of 1.1 million ounces of gold at an average grade of 6.5 g/t. The company also holds an exclusive option to acquire a 100% interest in the Eagle Mine Property.

The disclosed mineral resources were estimated by Mr. Denis Decharte, P.Eng., of SLR Consulting (Canada) Ltd., who is a Qualified Person (as defined by NI 43-101) independent of Maple Gold. Ian Cunningham-Dunlop, P.Eng., Executive Vice President of Maple Gold, has reviewed and approved the scientific and technical information related to exploration and mineral resource matters. The technical report is available on SEDAR+ and the company's website.

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