Maple Gold Mines Ltd · TSXV:MGM

Maple Gold Mines — Investor Presentation (November 2021)

28 slides from Maple Gold Mines's investor presentation, November 2021

  1. Slide 1: Corporate Presentation November 2021

    CORPORATE PRESENTATION NOVEMBER 2021

  2. Slide 2: Disclaimer

    DISCLAIMER 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 securities legisl

  3. Slide 3: Investment Highlights

    INVESTMENT HIGHLIGHTS Located in Quebec’s prolific Established and Growing Gold Strategic Partnership with Major Company Robust Balance Sheet Strong Institutional Abitibi Greenstone Belt Resource and a Past-Producing a Top Tier Gold Producer Management & Board Shareholders High-Grade Mining Camp 2.7

  4. Slide 4: The Canadian Hub for Mining

    THE CANADIAN HUB FOR MINING The Abitibi belt stretches from Wawa in Ontario to Chibougamau in Quebec – two of Canada’s top mining jurisdictions and hotbed for M&A activity. MAPLE GOLD *Quebec consistently ranked as a top 10 mining jurisdiction in the world (Fraser Institute). *Exploration tax-incent

  5. Slide 5: M&A Activity in the Prolific Abitibi Greenstone Belt

    M&A ACTIVITY IN THE PROLIFIC ABITIBI GREENSTONE BELT The Region has Produced ~$25B in M&A Activity since 2013 Agnico and Kirkland Lake agree to merge with Agnico acquiring Kirkland Lake for ~C$13.5B PAGE 5 5

  6. Slide 6: Largest Mines in the Abitibi

    LARGEST MINES IN THE ABITIBI (Pro forma AEM/KL transaction) PAGE 6 6

  7. Slide 7: District Scale Mineralization Footprint at Douay

    DISTRICT SCALE MINERALIZATION FOOTPRINT AT DOUAY  Similar mineralization footprint as other major mines in the Abitibi  Significant exploration upside  Douay still relatively underexplored  55km of strike along the Casa Berardi Deformation Zone Disclaimer: Mineralization hosted on adjacent and/o

  8. Slide 8: 50-50 Partnership with Agnico Eagle

    50-50 PARTNERSHIP WITH AGNICO EAGLE  NO. 1 GOLD PRODUCER IN CANADA & TOP 10 GOLD PRODUCER WORLDWIDE.  Takes extremely conservative and measured approach to investments and asset acquisition.  Agnico made a $6.2M strategic investment into Maple Gold (closed October 14, 2020)  50-50 JV Agreement s

  9. Slide 9: Maple Gold: The Next Takeout Target in the Heart of the Abitibi?

    MAPLE GOLD THE NEXT TAKEOUT TARGET IN THE HEART OF THE ABITIBI?  Strategic 400 km² property package  Established gold resource at Douay (50/50)  High-grade past-producing Telbel Mine (50/50)  High-grade past-producing Eagle Mine (100%-controlled by Maple Gold)  Excellent potential to define sig

  10. Slide 10: Exceptional Infrastructure Access

    EXCEPTIONAL INFRASTRUCTURE ACCESS  2.5-hour drive north of Val d’Or, Quebec along paved 2-lane provincial highway (Hwy #109), which runs through the property  Next to 1 of 6 major power lines in the province  55 km SW of Matagami with skilled labour, local airport and rail access  Douay covers ~

  11. Slide 11: Douay Gold Project – District Scale

    DOUAY GOLD PROJECT – DISTRICT SCALE DOUAY GOLD PROJECT (50%) Visible Gold (VG) as seen through microscope lens in drill hole DO-05-04. Part of sample that Third Largest Undeveloped Gold Resource in Quebec returned 2,888 g/t Au over 0.5m at Douay Indicated: 8.6Mt @ 1.52 g/t Au for 422Koz Au Inferred:

  12. Slide 12: Drilling Successes Since RPA 2019 Estimate

    DRILLING SUCCESSES SINCE RPA 2019 ESTIMATE (2.77MOZ TOTAL CONTAINED GOLD) • 19,000 m drilled (>15,000 m within the resource area) since RPA 2019 • Key drilling successes across several zones (NW, Douay West, Nika, Porphyry & 531) • Significant upside remains along Casa Berardi North Fault • Depth po

  13. Slide 13: Example Success from Maiden JV Drill Program at Douay

    EXAMPLE SUCCESS FROM MAIDEN JV DRILL PROGRAM AT DOUAY Results returned 132 m of 1.58 g/t Au – top 5 grade-thickness intercept ever encountered at Douay. N-S cross section looking west, 25m corridor either side, showing >0.45 g/t Au blocks from RPA 2019 model. Blocks >1 g/t Au highlighted in red. Pos

  14. Slide 14: 2021 Drill Program Success – 531 Zone

    2021 DRILL PROGRAM SUCCESS – 531 ZONE Results returned 28.5 m @ 8.8 g/t Au – another top 5 intercept to-date at Douay (grade x thickness) Cluster of high reflectance visible gold grains at 307.6m in DO-21-310, part of sample interval grading over 8g/t Au. Note abundant silica content with crystal fr

  15. Slide 15: Significant Depth Extension Potential at Douay

    SIGNIFICANT DEPTH EXTENSION POTENTIAL AT DOUAY  Average vertical drill depth at Douay less than 400 m  Mines in the Abitibi renowned for vertical continuity  Casa Berardi, Goldex and Canadian Malartic mines all have known resources/mineralization down to 1,500-2,000 m*  Per RPA, potential to add

  16. Slide 16: Increasing Hit Rate at Douay with 5 of the Top 10 Intercepts

    INCREASING HIT RATE AT DOUAY WITH 5 OUT OF THE TOP 10 INTERCEPTS TOP 20 DRILL HITS AT THE DOUAY GOLD PROJECT TO-DATE 4KM ACCESS ROAD (5 OF TOP 10 DRILL HITS DELIEVERED BY CURRENT MAPLE GOLD EXPLORATION TEAM) TO HWY 109 Rank Hole Year Length Area From To Interval Au g/t Accum 1 DO-05-04 2005 213.0 Po

  17. Slide 17: Bonanza-Grade Visible Gold in Drill Hole DO-21-295 at Douay

    BONANZA-GRADE VISIBLE GOLD IN DRILL HOLE DO-21-295 AT DOUAY 334 g/t 72.7 g/t  Latest results from Douay included two separate spectacular intercepts from the western Porphyry Zone  334.0 g/t Au from 57m downhole (in-pit) and 72.7 g/t Au from 358m downhole (well north of current RPA pit in Taibi gr

  18. Slide 18: Past Producing Joutel Mine Complex: 1974-1993

    PAST PRODUCING JOUTEL MINE COMPLEX: 1974-1993 Joutel Mine Site Entrance Telbel Headframe Eagle Mine Mill Complex PAGE 18

  19. Slide 19: History of the Joutel Mine Complex in Northwest Quebec

    HISTORY OF THE JOUTEL MINE COMPLEX IN NORTHWEST QUEBEC Joutel was largely forgotten during the past 28 years since mine closure… UNTIL NOW PAGE 19

  20. Slide 20: Strategic Property Consolidation: Joutel

    STRATEGIC PROPERTY CONSOLIDATION: NEAR MINE EXTENSIONS AND PARALLEL TRENDS PROVIDE HIGH-GRADE UPSIDE JOUTEL JOUTEL PROJECT GOLD PROJECT (50%) Hosts Agnico’s historical Eagle-Telbel Mining Camp Past production of 6.2 Mt at 6.5 g/t Au for total of 1.15 Moz gold* Mined from 1974 to 1993 (closed when go

  21. Slide 21: District-Scale Eagle-Telbel Long Section

    DISTRICT-SCALE EAGLE-TELBEL LONG SECTION: NEW 3D MODEL & MODERN APPROACH TO REVITALIZE HISTORIC MINE COMPLEX A Data-Rich, High-Grade Gold Project with Significant Near-Mine Expansion Potential PAGE 21 PAGE 21

  22. Slide 22: Initiating Phase I Drill Program at Eagle (Q4/2021)

    INITIATING PHASE I DRILL PROGRAM AT EAGLE (Q4/2021) Initial Drill Targets Defined to chase isolated high-grade intercepts at the Eagle Mine Property Maple Gold Exploration Team at Eagle Mine Property October 2021 PAGE 22

  23. Slide 23: Capital Structure, Financial Position & Ownership

    CAPITAL STRUCTURE, FINANCIAL POSITION & OWNERSHIP As of November 17, 2021 Share Ownership Mix Shares Outstanding 321.7M 2.7% Warrants1 56.9M 12.1% Options2 23.1M Management/Insiders/Closely Related Fully Diluted3 404.5M 44.2% Agnico Eagle Mines 52-week high/low share price $0.49-$0.24 Market Capital

  24. Slide 24: Key Management & Advisors

    KEY MANAGEMENT & ADVISORS Matthew Hornor Joness Lang Kiran Patankar Fred Speidel David Broughton President & CEO Executive VP SVP Growth Strategy VP Exploration Technical Advisor  Extensive expertise in  B.Com/Finance background  12+ years of senior  30+ years exploration  Former Executive VP,

  25. Slide 25: Board of Directors

    BOARD OF DIRECTORS Sean Charland Matthew Hornor Gérald Riverin Michelle Roth Maurice Tagami Chairman President & CEO, Director Director & Technical Advisor Director Director & Technical Advisor • Capital markets professional • Extensive expertise in • Internationally renowned • Entrepreneur and busi

  26. Slide 26: The Maple Gold Value Stack

    THE MAPLE GOLD VALUE STACK  ~C$17M IN CASH (AS OF SEPTEMBER 30, 2021)  ~C$21M IN POTENTIAL PROCEEDS FROM WARRANTS  C$18M IN JOINT VENTURE FUNDING FROM AGNICO EAGLE C$119M  C$40M IN BUY BACK PROVISIONS TIED TO MAPLE GOLD’S 2% NSR AT DOUAY  ~C$150M IN DRILLING REPLACEMENT COSTS (250,000+ METRES O

  27. Slide 27: Major Catalysts - FY2021

    MAJOR CATALYSTS - FY2021 H1/2021 H2/2021  Sign Definitive JV Agreement with Agnico Eagle  Joutel: Release Initial 3D Modelling Results  Douay: Fall 2020 Drill Program Results  Douay: Final Winter 2021 Drill Program Results  Douay: Complete IP & Winter 2021 Drill Programs  Eagle Mine: Complete

  28. Slide 28: Contact Information

    CONTACT INFORMATION GOLDMINES SUITE SOO O: +1(647) 265.8688 111 WEST HASTINGS STREET F: +1 (416) 306.8141 VANCOUVER, BC VGE 2J3 E: INFO@MAPLEGOLDMINES CANADA : VW: MAPLEGOLDMINES.COM < _— OTCQB: PAGE 28

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