Mr. Drew Anwyll reports

MAYFAIR ANNOUNCES RESULTS OF 2026 ANNUAL GENERAL AND SPECIAL MEETING AND GRANT OF STOCK OPTIONS

Mayfair Gold Corp. shareholders approved all matters voted on at the annual general and special meeting of shareholders held on Thursday, June 25, 2026, including:

• The re-election of Darren McLean, Carson Block, Zach Allwright, Sean Pi and Christine Hsieh as directors of the company;
• The reappointment of Davidson & Co. LLP as auditor of the company;
• The reapproval of the company's 10-per-cent rolling omnibus incentive plan.

The company also announces the grant of stock options to certain officers and employees of the company to acquire an aggregate of 475,000 common shares in the capital of the company at an exercise price that shall be the five-day volume-weighted average trading price of the company's common shares on the TSX Venture Exchange on and including June 25, 2026, for a five-year term expiring on June 25, 2031, in accordance with the omnibus incentive plan.

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 (PFS) is to develop the project under the provincial permitting process, targeting the higher-grade one-million-ounce mineral reserve (25.1 million tonnes at an average grade of 1.29 grams per tonne) 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 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 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.

We seek Safe Harbor.