Mr. Nicholas Campbell reports

MAYFAIR GOLD GRANTS INCENTIVE STOCK OPTIONS

Mayfair Gold Corp. has granted incentive stock options to certain directors, officers, employees and advisers of the company pursuant to the company's omnibus incentive plan.

Options have been granted to purchase an aggregate of 645,000 common shares in the capital of the company at an exercise price of $5.94 per share. The options are exercisable for a five-year term expiring on Jan. 26, 2031.

The content of this news release has been reviewed on behalf of the company and approved by Drew Anwyll, PEng, chief operating officer of Mayfair, a qualified person as defined in National Instrument 43-101.

About Mayfair Gold Corp.

Mayfair Gold is a Canadian gold development-stage company focused on advancing the 100-per-cent-controlled Fenn-Gib project in the Timmins region of Northern Ontario. The company's prefeasibility study outlines the potential to develop Fenn-Gib into a new Canadian gold producer for initial development capital of $450-million, with a base-case payback period of 2.7 years and cumulative free cash flow of $896-million over the first six years of production based on a gold price of $3,100 (U.S.) per ounce. The company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting construction in 2028 and initial production in 2030.