Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (December 2025)
25 slides from Maple Gold Mines's investor presentation, December 2025
Slide 1: Advancing a District-Scale Gold Opportunity in Québec's Abitibi
MGM | MGMLF | M3G0 Advancing a District-Scale Gold Opportunity in Québec’s Abitibi Corporate Presentation December 2025 December 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian s
Slide 3: Why Maple Gold Mines?
Why Maple Gold Mines? Building the next multi-million-ounce gold camp in Québec’s Abitibi Belt District-Scale (481km2) Project in a Tier-1 Jurisdiction Established and Growing ~3.0 Moz Au Resource1 & High-Grade, Past-Producing Gold Mine Complex Significant Upside Exploration Potential Clear Path to
Slide 4: Market Snapshot
Market Snapshot Well funded, growing research coverage, long-term strategic + institutional investors Capital Structure (as of December 12, 2025) 5-Year Share Price / Volume Ticker Symbols :MGM | :MGMLF | :M3G0 $4.50 (Leadership Change) Daily Volume Day Close Price 0.7 $4.00 0.6 Share Price C$1.80 $
Slide 5: Technical & Capital Markets Depth
Technical & Capital Markets Depth Proven leadership with major-miner experience and capital-markets strength Key Management Board of Directors Kiran Patankar Ian Cunningham-Dunlop, P.Eng. Dr. Gérald Riverin Darwin Green, P.Geo. President, CEO & Director (since 2023) VP, Technical Services (since 202
Slide 6: Timeline & Milestones
Timeline & Milestones JV Partnership Company/Project Reset Growth and Re-Rating (2020 – 2023) (2023 – 2025) (2026 +) • Agnico Eagle 50/50 JV established • Agnico Eagle JV Restructuring • Fully-funded 30,000-m drill program • $28M raised with strong strategic + (largest in the company’s history) • Ma
Slide 7: Strategic Partnership with Agnico Eagle
Strategic Partnership with Agnico Eagle Canada’s largest miner with major operations in Québec • Long-term shareholder: Largest shareholder with ~13.1% basic ownership (~14% partially-diluted) post October 2025 raise. • Capital committed to date: ~C$25M (direct project spending + equity across multi
Slide 8: District-Scale Gold Project in One of Canada's Premier Gold Mining Districts
District-Scale Gold Project in One of Canada’s Premier Gold Mining Districts Strategically located among the Abitibi Greenstone Belt’s gold giants MGM’s 100%-owned Douay/Joutel gold project has all the key ingredients of a prolific, large-scale deposit(s) camp: • Parallel Alignment with major gold-b
Slide 9: Advantaged Location with Excellent Infrastructure
Advantaged Location with Excellent Infrastructure One of only a few +3 Moz Canadian gold projects with existing road and power access Year-round highway access: • ~2.5-hour drive north from Rouyn-Noranda and Val-d’Or on paved Highway 109 through the Douay property; 55 km south of Matagami (airport,
Slide 10: Advantaged Location with Excellent Infrastructure
Advantaged Location with Excellent Infrastructure On-site infrastructure: core facilities, full-service camp and historic headframe at Douay West Easy access to power and road infrastructure Office Core logging facilities Core logging facilities Mine Dry Full-service 46-person camp Headframe (Circa
Slide 11: Value creation priorities
Value creation priorities Focused exploration and disciplined development 1 Execute fully funded ~30,000 m Fall/Winter 2025-2026 drill program. 2 Expand current 3 Moz MRE through systematic step-outs in priority zones. 3 Deliver an updated MRE in H1 2026. 4 De-risk project with scoping/engineering s
Slide 12: Strategic Priorities & Near-Term Catalysts
Strategic Priorities & Near-Term Catalysts 1. Focused exploration 2. Disciplined development • Approved CDN $13.7M budget through 2026 YE • Advancing and de-risking the project through geo/mine/met model and scoping study/engineering trade-off study to enable a potential PEA in 2026 • ~20,000 m Doua
Slide 13: Current Mineral Resource Inventory (SLR, 2022)
Current Mineral Resource Inventory (SLR, 2022) 2022 MRE completed using US$1,800/oz gold, current prices provide significant upside to resource Mineral Resource Statement as of March 17, 2022 Maple Gold Mines Ltd. - Douay and Joutel Projects Tonnes Grade Contained Metal Resource Category (Mt) (g/t A
Slide 14: Douay Project: Current Mineral Resources (SLR, 2022)
Douay Project: Current Mineral Resources (SLR, 2022) (with Assay Intercepts > 0.3 g/t Au) A Note: 2022 Douay MRE was prepared by SLR Consulting (SLR) for the MGM-AEM JV using $1,800/oz Au and a 0.45 g/t Au OP cut-off grade A’ 14
Slide 15: Douay Project: Potential to Add Au Oz to 2022 MRE
Douay Project: Potential to Add Au Oz to 2022 MRE Illustrative MRE additions outside modeled pits at 0.3 g/t Au Significant MGM will MRE additions maintain anticipated focus on with higher A resource gold price / quality and lower cut-off development grade potential A’ 15
Slide 16: Douay Project: Property-Wide Longitudinal Section of Mineralized Zones
Douay Project: Property-Wide Longitudinal Section of Mineralized Zones Optimization of OP/UG in progress; limited drill testing below 500 meters Showing 2022 MRE Blocks, 2025 Drill Target Areas and 2025 Completed Holes; Looking 020 Deg Az – 200 m Thick A NW ZONE DOUAY WEST NIKA PORPHYRY WEST PORPHYR
Slide 17: Douay Project: Property-Wide Longitudinal Section of Mineralized Zones
Douay Project: Property-Wide Longitudinal Section of Mineralized Zones Planned Phase II program to follow up on Phase I step-out success IND & INF Gold Ounces in 2022 MRE: North West 782K Oz 1,676K Oz Central 578K Oz INF 3.3Mt/1.15 g/t Au/125K oz INF 0.5Mt/1.79 g/t Au/32K oz Main Douay West Nika Por
Slide 18: Douay Project: Key Ingredients for Finding Gold
Douay Project: Key Ingredients for Finding Gold High return-on-investment-driven exploration model • Large regional deep seated structure break (mantle tapping) (Casa Berardi Deformation Zone) • Presence of major intrusive centre along or adjacent to the break (Douay Intrusion + associated syenite d
Slide 19: 2025/2026 Exploration Program
2025/2026 Exploration Program A record C$13.7M budget funded through 2026 • Phase I (12,240 m) Douay drill program completed between Jan-May 2025 • 70% focused on Douay MRE area and 30% on new discovery targets • Continued focus on expansion drilling throughout the Douay MRE to: • Convert Inferred R
Slide 20: Exceptional Results from Douay Winter 2025 Drilling Program
Exceptional Results from Douay Winter 2025 Drilling Program DO-25-338 best intercept to date at Nika Zone; top-5 hole ever drilled at Douay Douay Gold Project: Nika Zone DDH Longitudinal-section • Phase I (12,240 m) winter program drilled down-plunge extensions of higher- Looking 015 Deg Az grade zo
Slide 21: Exceptional Results from Douay Winter 2025 Drilling Program
Exceptional Results from Douay Winter 2025 Drilling Program 531 zone drilling has extended high-grade gold mineralization >200 m below conceptional pit floor Douay Gold Project: 531 Zone DDH Longitudinal-section looking 010 Deg Az – 50 meter thick • Key step-outs in the HW of the ultramafic unit ret
Slide 22: Joutel Project
Joutel Project Hosts Agnico Eagle’s first gold mine complex (Eagle-Telbel) • The historic Eagle-Telbel mine was in production from 1974–1993 and produced 1.1 M oz of gold at an average grade of 6.5 g/t Au • Host is a synvolcanic-exhalative semi-massive pyritic horizon (sheared with strong Fe-carbona
Slide 23: Joutel Project: Eagle Telbel Longitudinal Section
Joutel Project: Eagle Telbel Longitudinal Section Potential Maiden Joutel Resource to Add Au Oz to 2022 MRE Vertical Long Section – Looking Northeast • Advantage Geoservices of Vancouver, BC created a simple block model using the existing DDH database, 3D lithological and mineralized domains, and 3D
Slide 24: Why Own Maple Gold?
Why Own Maple Gold? Clear path to growth and re-rating EV/Resource (US$/oz Au Eq.)1 1. Undervalued relative to peers; near term catalysts in place to close the gap. 2. 100% Control of a ~481 km2 district-scale property with: $99/oz Pending Acquisitions $84/oz $80/oz • Established ~3.0 Moz gold miner
Slide 25: Contact Information
Contact Information Maple Gold Mines Ltd. 1111 West Hastings Street, Suite 600 Vancouver, BC V6E 2J3, Canada PHONE: +1 (647) 265-8688 EMAIL: [email protected] WEBSITE: www.maplegoldmines.com Northern lights at the Douay Gold Project 25
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