Maple Gold Mines — Capital/Financing Update 2020

Dec 8, 2020

Maple Gold Mines Ltd. Treasury Offering of Common Shares December 7, 2020

The Common Shares will be offered by way of a short form prospectus in all of the provinces of Canada. A preliminary short form prospectus containing important information relating to the Common Shares has not yet been filed with the applicable Canadian securities regulatory authorities. A copy of the preliminary short form prospectus is required to be delivered to any investor that received this term sheet and expressed an interest in acquiring the Common Shares. Copies of the preliminary short form prospectus may be obtained from BMO Capital Markets, Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 or by telephone at (905) 791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca.There will not be any sale or any acceptance of an offer to buy the Common Shares until a receipt for the final short form prospectus has been issued. This term sheet does not provide full disclosure of all material facts relating to the Common Shares. Investors should read the preliminary short form prospectus, final short form prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the Common Shares, before making an investment decision.

Terms and Conditions

Issuer:	Maple Gold Mines Ltd. (the “Company”)
Offering:	Treasury offering of 27,800,000 common shares (“Common Shares”)
Offering Price:	C$0.36 per Common Share
Issue Amount:	C$10,008,000
Over-Allotment	The Company has granted the Underwriter an option, exercisable, in whole or in
Option:	part, at any time until and including 30 days following the closing of the Offering, to
	purchase up to an additional 15% of the Offering at the Offering Price to cover over-
	allotments, if any.
Use of Proceeds:	The net proceeds of the Offering will be used to continue advancement of the Douay
	Gold Project, for general corporate purposes, and to fund future potential growth
	opportunities.
Form of Offering:	Bought deal by way of a short-form prospectus to be filed in all provinces of Canada.
	U.S. sales by private placement via Rule 144A.
Listing:	An application will be made to list the Common Shares on the TSX Venture
	Exchange (the “TSX-V”). The existing common shares of the Company are listed
	on the TSX-V under the symbol “MGM” and on the Frankfurt Stock Exchange under
	the symbol “M3G”.
Eligibility:	Eligible for RRSPs, RRIFs, RESPs, TFSAs, RDSPs and DPSPs.
Sole Underwriter:	BMO Capital Markets
Commission:	6.00% other than in respect of proceeds sold under the President’s List for which a
	3.00% cash commission will be payable.
Closing:	December 30, 2020.

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