Mr. Drew Anwyll reports

MAYFAIR COMPLETES STRATEGIC INVESTMENT WITH MACQUARIE

Mayfair Gold Corp. has completed its previously announced strategic investment with Macquarie Bank Ltd.

Macquarie acquired 2,346,701 common shares of the company at a price of $4.26 per share for gross proceeds of approximately $10-million. The company expects to use these proceeds toward advancing the Fenn-Gib gold project in Ontario. The shares are subject to a four-month-and-one-day hold period as prescribed by applicable securities laws, expiring on Feb. 15, 2027.

About Mayfair Gold Corp.

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100-per-cent-owned Fenn-Gib project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3-million-ounce indicated mineral resource of gold (181.3 million tonnes at an average grade of 0.74 gram per tonne), and the expected strategy outlined in the 2026 prefeasibility study is to develop the project under the provincial permitting process, targeting the higher-grade one-million-ounce probable mineral reserve (25.1 million tonnes at an average grade of 1.29 g/t), sitting near surface, and highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of $450-million, a base-case payback period of 2.7 years and cumulative free cash flow of $896-million (U.S.) over the first six years of production based on a $3,100-(U.S.)-per-ounce gold price. The company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.

We seek Safe Harbor.