2003 News Releases
Maple Minerals Corp.'s Results For Year Ended September 30, 2002
February 7, 2003
For the year ended September 30, 2002 (compared with September 30, 2001):
Operating, general, and administrative expenses decreased to $46,050 for the year ended September 30, 2002 as compared to $74,551 for the year ended September 30, 2001;
Properties that were allowed to lapse or were abandoned resulted in a write-off of mineral properties and related expenditures of $28,546 for the year ended September 30, 2002 as compared to $416,979 for the year ended September 30, 2001;
Net loss was $76,895 ($0.014 per share) for the year ended September 30, 2002 as compared to $327,381 ($0.085 per share) for the year ended September 30, 2001.
Maple Minerals Corp. is a Toronto based resource company whose common shares are quoted on the TSX Venture Exchange under the symbol “YMP”.
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.
Luigi M. Falzone