• Mineralization outside current pit-constrained indicated 2.08M ounce resource
• Approx. 76,600m of planned 80,000m drill program completed
• Resource update on schedule for Q3 2022

Mayfair Gold Corp. (TSX-V: MFG) (OTC: MFGQB) is pleased to announce further results from the Fenn-Gib expansion drill program, which is focused outside of the current conceptual pit-constrained resource. Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI43-101 Indicated Resource of 2.08M ounces (see the “About Mayfair” section below) with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters (m) wide at the west end.

Mayfair Gold President and CEO Patrick Evans commented: “Mayfair’s expansion drill program continues to produce excellent results from areas outside the current resource. This increases our confidence in the resource upside potential. Fenn-Gib is a large, robust gold system that has significant potential for growth. We are rapidly approaching the end of our planned 80,000m drill program and remain on track to report a resource update in Q3.”

Highlight drill results include:

1. FG21-190 intersected 0.59 grams/tonne gold over 158.0m, including 1.07 g/t Au over 34.0m;
2. FG21-216 intersected 0.64 g/t Au over 102.0m;
3. FG21-217C intersected 0.77 g/t Au over 184.5m, including 0.98 g/t Au over 62.0m, and also including 1.31 g/t Au over 18.8m; and
4. FG22-223 intersected 1.21 g/t Au over 112.1m, including 3.04 g/t Au over 31.5m.

The latest drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib Expansion Zone results, including: hole FG21-148, which intersected 101.0m at a grade of 0.88 g/t Au (including 51.7m at a grade of 1.16 g/t Au); hole FG21-149, which intersected 101.9m at a grade of 0.75 g/t Au (including 18.0m at a grade of 1.77 g/t Au); hole FG21-150, which intersected 65.5m at a grade of 1.18 g/t Au (including 10.0m at a grade of 4.24 g/t Au) (news release July 27, 2021); hole FG21-153, which intersected 233.0m at a grade of 1.05 g/t Au (including 84.0m at a grade of 1.83 g/t Au, and also including 25.5m at a grade of 4.70 g/t Au) (news release August 17, 2021); FG21-206, which intersected 0.93 g/t Au over 134.2m (including 1.31 g/t Au over 78.3m); and hole FG21-213, which intersected 1.02 g/t Au over 92.7m (news release May 02, 2022).

The latest reported drill results are summarized in Table 1, and Table 2 lists the drill hole details below.

Table 1 – Fenn-Gib reported drill results summary

Table 2 – Fenn-Gib reported drill hole collar information.

Plan and section maps of the above reported drill holes are available at mayfairgold.ca/fenn-gib/#drillplanmap&sections

Additional drill results from the infill, expansion and step-out drill program will be announced as soon as they are received.

QA/QC Controls

Mayfair employs a QA/QC program consistent with NI 43-101 and industry best practices. Surface drilling was conducted by Major/Norex Drilling of Timmins, Ontario and was supervised by the Mayfair exploration team. Mayfair’s drill program includes descriptive logging and sampling of the drill core for analysis at Mayfair’s secure facility located in Matheson, Ontario. Sampled drill core intervals were sawn in half with a diamond blade saw. Half of the sampled core was left in the core box and the remaining half was bagged and sealed. Mayfair utilizes accredited laboratories, and the samples were transported by Mayfair personnel to the Actlabs laboratory in Timmins, Ontario. Gold was analyzed by 30-gram fire assay with AA-finish. Certified reference material (CRM) standards and coarse blank material are inserted every twenty samples. Drill intercepts cited do not necessarily represent true widths, unless otherwise noted.

About Mayfair

Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate (February 5, 2021) reported a total Indicated Resource of 70.2M tonnes containing 2.08M ounces at a grade of 0.921 g/t Au and an Inferred Resource of 3.8M tonnes containing 75,000 ounces at a grade of 0.618 g/t Au. The deposit has a strike length of approx. 1.25km with widths ranging up to 300m. The gold mineralized zones remain open at depth and along strike to the east and west.