Mr. Patrick Evans reports

MAYFAIR GOLD FILES NI 43-101 TECHNICAL REPORT FOR FENN-GIB GOLD DEPOSIT

Mayfair Gold Corp., following the release of an updated mineral resource estimate on June 14, 2023, has filed a National Instrument 43-101 technical report for the 100-per-cent-controlled Fenn-Gib gold project, located in the Timmins region of Northeast Ontario, entitled "National Instrument 43-101 Technical Report, Fenn-Gib Project, Ontario, Canada." The technical report was prepared by T. Maunula & Associates Consulting Inc., dated July 26, 2023, with an effective date of April 6, 2023. The report is available on both SEDAR and the company's website.

The Report was prepared by Tim Maunula, P. Geo, of T. Maunula & Associates Consulting Inc., and Steven Haggarty, P. Eng., of Haggarty Technical Services Corporation, each a "Qualified Person" as defined in NI 43-101. The Report supports the scientific and technical disclosure in the updated mineral resource estimate contained in the Company's news release dated June 14, 2023.

Mayfair Gold's news release dated June 14, 2023 (titled "Mayfair Gold Increases Fenn-Gib Open-Pit Indicated Resource Estimate to 3.38M Ounces and Reports Inferred Resource of 0.16M Ounces") summarizes the resource estimate in detail.

Qualified Person Statement

The disclosure of technical and scientific information in this news release has been reviewed and approved by Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc. who is deemed a qualified person as defined by NI 43-101 and was responsible for the completion of the updated mineral resource estimation. Mayfair Gold's disclosure in this news release has been reviewed and approved by Howard Bird, P Geo., Vice President Exploration for the Company, who oversaw the Mayfair Gold drill program and serves as a Qualified Person under the definition of National Instrument 43-101.

About Mayfair Gold

Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair's flagship asset and currently hosts an updated NI 43-101 resource estimate with an effective date of April 6, 2023 with a total Indicated Resource of 113.69M tonnes containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., who is deemed a qualified person as defined by NI 43-101). The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over 500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fenn-Gib deposit can deliver robust gold recoveries of up to 94%.

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