MAYFAIR GOLD CORP - MFGCF STOCK NEWS

Mayfair Gold Corp. has reported significant progress in its exploration program at the Fenn-Gib Project in Northeast Ontario. Key achievements include:

• 2,000 meters of drilling completed at the Talisman Target.
• 84.4 kilometers of line-cutting on the South Block.
• 54.5 kilometers of Induced Polarization survey on the South Block.
• Drilling on the South Block is set to begin in late April.

The Fenn-Gib Project contains an Indicated Resource of 2.08 million gold ounces, confirming the area's significant mineral potential.

Mayfair Gold Corp. reports positive results from its 2022 metallurgical gold recovery test on the Fenn-Gib deposit. The direct whole ore cyanidation yields an average recovery of 84.3%, with specific samples achieving up to 94.2% recovery rates. Additionally, flotation tests show recovery rates of approximately 94%. Ausenco is managing the tests, supporting a planned preliminary economic assessment (PEA) expected by Q4 2022. The deposit holds an indicated resource of 2.08 million ounces of gold, enhancing project economics and reducing potential costs significantly.

Mayfair Gold Corp. has commenced a regional drill program focused on its Fenn-Gib deposit, which currently has an Indicated Resource of 2.08M ounces of gold. Recent results highlight significant gold mineralization, with notable drill intersections including 2.82 g/t Au over 22.9m and 31.28 g/t Au over 1.5m in previous drill holes. The Talisman and Horseshoe Zones are also undergoing exploration, with preparations for a 3,000m drill program set to begin in Q3 2022. This expansion and step-out drilling aim to increase the current resource base.

Mayfair Gold Corp. (MFGCF) granted 1,855,000 incentive stock options to its directors, officers, and employees under its long-term incentive plan. These options have an exercise price of $0.90 and are valid for a ten-year term until January 6, 2032. Mayfair, a Canadian mineral exploration company, focuses on the Fenn-Gib gold project in Northern Ontario, which has a total indicated resource of 2.08 million ounces of gold. The project remains open for further exploration, showing potential for resource expansion.

Mayfair Gold Corp. (MFGCF) reviews its first operational year at the Fenn-Gib gold project in Ontario. The project holds an Indicated Resource of 2.08M ounces and aims to exceed 3M ounces through an 80,000-meter drill program planned for 2022. The company has completed 54,741 meters of drilling and expects to finish the program by Q2 2022, followed by a resource update in Q3 2022. Additionally, a preliminary economic assessment is scheduled for Q4 2022. Mayfair's funding is secured, including a recent $4.64M financing.

Mayfair Gold Corp. has successfully closed a private placement financing, raising $4,640,000 through the issuance of 4,000,000 flow-through shares priced at $1.16 each. This price is a 25% premium over the company's prior closing price. The funds will be directed towards the exploration of the Fenn-Gib gold project in Ontario, which has an Indicated Resource of 2.08M ounces of gold. The funds will be spent on Canadian Exploration Expenses, with tax benefits to investors. The shares are subject to a four-month hold period.

Mayfair Gold Corp. reports ongoing success at its Fenn-Gib Expansion Zone with significant drill results supporting a pit-constrained Indicated Resource of 2.08 million ounces of gold. The current drilling program, part of an 80,000m initiative, has seen 50,145m completed across 78 holes, with notable intervals intersecting gold mineralization in every hole. Future plans include expanding drilling efforts with a 30,000m Phase 2 program aimed at increasing the resource to over 3 million ounces and regional exploration in early January 2022.

Mayfair Gold Corp. (MFGCF) has announced an acceleration of its regional exploration program at the Fenn-Gib gold project in Northeast Ontario. Key developments include the completion of high-resolution airborne magnetic surveys and structural geological interpretations. The company plans to initiate a 7,000m drill program in January at the North Block, targeting areas with promising mineralization. Additionally, a 3,000m drill program is planned for the South Block in early 2022. The Fenn-Gib deposit currently hosts an Indicated Resource of 2.08 million ounces of gold.