Mr. Drew Anwyll reports

MAYFAIR GOLD CONTINUES TO BUILD PROJECT TEAM WITH ADDITION OF DIRECTOR OF PROJECTS

Mayfair Gold Corp. has appointed Ayaz Kassam as director of projects.

Mr. Kassam is a professional engineer with nearly 20 years of experience in project management, most recently serving as senior project manager with Canada Nickel Company. His experience is recognized for delivering technically complex, high-impact projects from feasibility through to commissioning using a range of project delivery models. Adept at guiding cross-functional teams, aligning diverse stakeholders and driving operational excellence through every phase of project execution, he brings hands-on leadership to achieve project objectives. Mr. Kassam holds a bachelor in civil engineering from Concordia University and a masters degree in civil engineering from the University of Washington.

Drew Anwyll, PEng and chief executive officer of Mayfair Gold, said: "We are excited to welcome Ayaz to Mayfair Gold as we continue to build the team that will advance the Fenn-Gib gold project toward development. Ayaz brings nearly two decades of project management and engineering experience, with a strong track record of leading complex mining and infrastructure initiatives through key stages of execution. His technical expertise, disciplined approach to delivery and experience working on major Canadian resource projects will strengthen our project team as we move toward a construction decision and final investment decision as early as 2028."

Ayaz Kassam, PEng, incoming director of projects, stated: "I am pleased to join Mayfair Gold at an important stage in the advancement of the Fenn-Gib project. As the company moves forward with engineering, permitting and overall project readiness, disciplined execution and high-quality work will be essential to building a strong foundation for the upcoming development phase. I look forward to working with Mayfair's exceptional owner's team, together with the engineering and consulting groups supporting the project, during this critical preconstruction phase."

About Mayfair Gold Corp.

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100-per-cent-controlled 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 (the PFS) is to develop the project under the provincial permitting process, targeting the higher-grade one-million-ounce mineral reserve (25.1 Mt at an average grade of 1.29 g/t) sitting near surface, 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.)/oz 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.

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

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