{"success":true,"data":{"pressRelease":{"id":"41930","rtpr_id":"nPn3l4d4qa","ticker":"MINE","exchange":"NYSE American","all_tickers":["MINE","MFG"],"title":"MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGY","author":"PR Newswire","published_at":"2026-05-21T11:30:00.078Z","article_body":"MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGY\n\nPR Newswire\n\nTORONTO, May 21, 2026\n\n(https://mma.prnewswire.com/media/2984824/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nTORONTO, May 21, 2026 /PRNewswire/ - Mayfair Gold Corp. (\"Mayfair\", \"Mayfair\nGold\", or the \"Company\") (TSXV: MFG) (NYSE American: MINE) is pleased to\nannounce that it is initiating a regional exploration program across its\nTimmins camp land package, following the acquisition of the Guibord, Marriott,\nand Holloway properties and the continued advancement of exploration at the\nSouth Block. These properties complement the Company's flagship Fenn-Gib Gold\nProject, which hosts a 4.3 million ounce indicated mineral resource of gold\n(181.3Mt at an average grade of 0.74 g/t) and was advanced toward development\nthrough a positive Pre-Feasibility Study (the \"PFS\") released in January\n2026.(1)\n\nThe consolidated land package is located along and adjacent to the\nPorcupine–Destor Fault Zone (\"PDFZ\"), one of the most prolific gold-bearing\nstructural corridors in the Abitibi Greenstone Belt. This consolidation\npositions Mayfair to systematically evaluate a district-scale land package\nalong a well-endowed segment of the corridor.\n\nStrategic Highlights\n\n * Regional exploration program initiated to test the high-conviction PDFZ, with\nthe goal of enhancing mineral resource scale and growth opportunities\n * Previous drilling confirms structurally controlled gold mineralization,\nincluding high-grade intervals exceeding 5 g/t Au (see Figure 2)\n * Pipeline of targets advancing toward Phase 1 drill testing via a staged\napproach to maximize capital efficiency\n * Prioritize higher-grade potential for processing at the planned Fenn-Gib\noperation to improve projected return on invested capital, as highlighted in\nthe 2026 PFS ___________________________\n (1)Please refer to the technical report entitled \"Fenn-Gib Gold Project NI\n 43-101 Technical Report and pre-Feasibility Study\" dated effective December\n 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.\n\n\"Mayfair's regional land package provides the Company with a compelling\ndistrict-scale exploration opportunity along the Porcupine-Destor Fault Zone,\"\nsaid Drew Anwyll, P.Eng and CEO of Mayfair Gold. \"The Company's primary focus\nremains advancing Fenn-Gib towards production via the provincial permitting\npath. However, we are excited to relaunch exploration activities across the\nbroader property portfolio as there is a tremendous opportunity to create\nvalue through mineral resource growth. With a measured approach to\nexploration, Mayfair intends to develop an exploration pipeline to highlight\nanother avenue for growth and investment potential that complements what we\nexpect to be the significant value creation of taking Fenn-Gib into\nproduction.\"\n\n\"I joined Mayfair because of the strong exploration upside across its property\nportfolio and its highly prospective position along the Porcupine-Destor Fault\nZone,\" said Adree DeLazzer, VP Exploration. \"The South Block, in particular,\ndisplays compelling litho-structural characteristics within a largely\nunderexplored segment of the fault zone. The combination of favourable\nstratigraphy, structural complexity, and localized high-grade gold\nmineralization underscores the broader exploration potential of the Mayfair\nland package and supports continued systematic target development across the\nproperty.\"\n\nRegional Exploration Focus\n\nMayfair's regional properties are located within a well-endowed segment of the\nPDFZ that hosts a range of gold deposit styles, including high-grade systems.\n\nThese include the Black Fox Mine, a high-grade underground gold operation\nwithin the Timmins camp, as well as the past-producing Croesus Mine,\nhistorically recognized for high-grade gold mineralization, with reported\nhistorical production averaging approximately 95 g/t Au from quartz vein\nsystems *(ODM Vol. LX, Part VIII, 1951) (see Figure 1).(2)\n\nGold mineralization within the corridor is commonly associated with shear\nzones and quartz-carbonate vein systems developed along secondary splays and\nflexures of the deformation corridor, commonly at contacts between volcanic\nunits and sedimentary rocks.  Structural complexity, competency contrasts,\nand localized dilation zones are interpreted to be important controls on\nhigher-grade mineralization within the district. The Company believes the\nconsolidated land package provides exposure to multiple underexplored\nstructural corridors prospective for both bulk-tonnage and high-grade gold\nmineralization.\n _____________________________\n (2) Ontario Department of Mines (ODM Vol. LX, Part VIII, 1951)\n\n(https://mma.prnewswire.com/media/2984855/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nEmerging Regional Exploration Targets\n\nThe South Block comprises 1491 hectares and covers 6.4 kilometres of strike\nlength along the PDFZ.  The property is situated between McEwen Mining Inc.'s\nFox Complex and STLLR Gold Inc.'s Tower Gold Project, both of which host\nmultiple gold deposits along the PDFZ (see Figure 2).\n\nThe South Block represents a structurally prospective and underexplored\nportion of Mayfair's land package, where favourable stratigraphy and\nstructural complexity coincide with limited modern drilling. While portions of\nthe North Block have been extensively drilled and form the basis of the\ncurrent mineral resource estimate, exploration across the South Block remains\nat an early stage.\n\nModern drilling on the South Block has comprised 27 diamond drill holes\ntotaling approximately 5,700 metres targeting gold mineralization, excluding\nearlier kimberlite testing. The 2022 program tested two primary gold target\nareas, while the 2024 program advanced drilling across multiple structurally\ndefined targets identified through integrated geophysical and geological\ninterpretation.\n\nRecent drilling has confirmed the presence of structurally controlled gold\nmineralization across multiple targets, including repeated intervals exceeding\n0.5 g/t Au and narrow higher-grade intervals exceeding 5 g/t Au, with the best\nreported assay of 12.7 g/t Au over 0.5 metres (see Appendix 1). Mineralization\nis associated with shear zones and quartz-carbonate veining developed along\nsecondary structures, consistent with orogenic gold systems in the Timmins\ncamp.\n\nIn addition to the South Block, Mayfair continues to evaluate multiple\nregional exploration targets across the North Block and broader property\npackage, including the Johns-Manville trend, American Eagle, G-101, and\nCentral Syenite target areas. Historical exploration at American Eagle\nreportedly returned grab samples up to 42.0 g/t Au proximal to the Pipestone\nFault, while drilling at the G-101 target reportedly returned intersections\nincluding 4.47 g/t Au over 13.2 metres, including 13.56 g/t Au over 2.77\nmetres. Historical drilling at the Central Syenite target also reportedly\nreturned high-grade gold mineralization, including intervals up to 19.55 g/t\nAu over 1.7 metres associated with intrusive-related structural targets.\n\nAt Guibord, historical drilling intersected 265 g/t Au over 0.50 metres in\nhole G09-01 associated with a syenite dyke and visible gold (see Plato Gold PR\nDec. 22, 2009), while previous operators tested the North Zone returning an\nintersection of 8.22 g/t Au over 2.1 metres, including 13.7 g/t Au over 1.22\nmetres. These targets remain relatively underexplored and represent potential\nopportunities for additional gold discoveries beyond the existing Fenn-Gib\nresource area.\n\n(https://mma.prnewswire.com/media/2984856/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nExploration Strategy\n\nMayfair is advancing a phased exploration program focused on a staged approach\nthat maximizes capital efficiency.\n\n * Integration of historical and modern datasets\n * Refinement of structural controls on mineralization\n * Target generation across Mayfair's regional Timmins camp properties\n * Advancement of priority targets toward Phase 1 drill testing\n * Prioritization of high-grade targets that may offer production advantages\nwithin the Fenn-Gib deposit\nThis approach is designed to systematically evaluate the Company's expanded\nland position and prioritize high-quality exploration opportunities.\n\nNext Steps\n\nInitial work programs are underway and will include:\n\n * Field mapping and validation of geological and geophysical targets\n * Structural interpretation and refinement of priority zones\n * Surface geochemical sampling in target areas\n * Potential Induced Polarization or other geophysical surveys\n * Advancement of priority targets toward follow-up drilling\nMayfair expects exploration activities to continue throughout 2026 as the\nCompany advances priority targets across its regional Timmins camp land\npackage.\n\nAbout Mayfair Gold\n\nMayfair Gold is a Canadian gold company focused on advancing the Fenn-Gib\nProject in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility\nStudy (the \"PFS\") outlines the potential to develop Fenn-Gib into a new\nCanadian gold producer, with initial development capital of C$450 million, a\nbase-case payback period of 2.7 years, and cumulative free cash flow of US$896\nmillion over the first six years of production based on a US$3,100/oz gold\nprice. The Company is advancing permitting activities and stakeholder\nengagement with the goal of starting construction in 2028 and initial\nproduction in 2030.\n\nThe content of this news release has been reviewed on behalf of the Company\nand approved by Adree DeLazzer, P.Geo., VP Exploration of Mayfair, a QP as\ndefined in NI 43-101. The Qualified Person has reviewed the available\nhistorical exploration data referenced in this release, including historical\nreports and assay information where available, and considers the information\nto be relevant as an indication of the exploration potential of the\nproperties. The Company has not independently verified all historical\nexploration results referenced in this news release and readers are cautioned\nthat such results should not be relied upon.\n\nCautionary Note Regarding Forward-Looking Information\n\nThis news release contains certain forward-looking information within the\nmeaning of applicable Canadian securities legislation and forward-looking\nstatements within the meaning of applicable United States securities\nlegislation (collectively \"forward-looking information\"). The use of the words\n\"will\" and \"expect\" and similar expressions are intended to identify\nforward-looking information. Forward-looking information in this news release\nincludes, but is not limited to, the building and operating of the Fenn-Gib\nProject, the growth of the Company's exploration pipeline, the Company's\nbroader land package presenting a compelling opportunity to evaluate\nadditional targets along the Porcupine-Destor Fault Zone, the advancement of\nexploration programs focused on defining and prioritizing structurally\ncontrolled high-grade gold targets and all disclosure related to the PFS,\nincluding the expected commencement of construction and production. Although\nMayfair Gold believes that the expectations reflected in such forward-looking\ninformation are reasonable, readers are cautioned that actual results may vary\nfrom the forward-looking information. The Company has based this\nforward-looking information on its current expectations and assumptions about\nfuture events. This information also involves known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by the\nforward-looking information, including the risks, uncertainties and other\nfactors identified in the annual information form and form 40-F of the Company\nfor the year ended December 31, 2025 available at on the Company's profile at\nwww.sedarplus.ca (http://www.sedarplus.ca) and EDGAR at www.sec.gov\n(http://www.sec.gov) , respectively. Furthermore, the forward-looking\ninformation contained in this news release is made as of the date of this news\nrelease and except as required by applicable securities laws, Mayfair does not\nundertake any obligation to publicly update or to revise any of the included\nforward-looking information, whether as a result of new information, future\nevents or otherwise.\n\nNeither the TSX Venture Exchange (\"TSXV\") nor its Regulation Services Provider\n(as that term is defined in the policies of the TSXV) accepts responsibility\nfor the adequacy or accuracy of this news release.\n\nFor further information, please visit www.mayfairgold.ca\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693748-1&h=3924024786&u=https%3A%2F%2Fwww.mayfairgold.ca%2F&a=www.mayfairgold.ca)\nor direct enquiries to:\n\nDrew Anwyll, P.Eng.\nCEO, Mayfair Gold Corp.\n489 McDougall St.\n Matheson, ON P0K 1N0, Canada\n+1 (855) 350-5600\ninfo@mayfairgold.ca (mailto:info@mayfairgold.ca)\n\nAppendix One – 2024 South Block Exploration Diamond Drill Program\n\nTable 1:  2024 Diamond Drill Collar Parameters\n Hole ID      UTM Easting  UTM Northing  Elev. (m)  Azimuth (°)   Dip (°)   Hole Depth (m)\n FGS-24-001   562354       5368480       314        357           -43       259.3\n FGS-24-002   562746       5368120       324        8             -45       189.0\n FGS-24-003   561849       5367998       312        155           -45       291.0\n FGS-24-004   561860       5367721       320        0             -44       280.0\n FGS-24-005   561852       5367423       322        46            -39       303.0\n FGS-24-006   562111       5367250       327        31            -36       249.0\n FGS-24-007   561324       5367461       316        356           -45       186.0\n FGS-24-008   561247       5367385       311        339           -44       236.0\n FGS-24-009A  560865       5368311       307        231           -43       282.0\n FGS-24-010A  559676       5368136       305        72            -44       234.0\n FGS-24-011   559674       5368133       302        160           -45       261.0\n FGS-24-012   559543       5368676       305        184           -48       276.0\n FGS-24-013   562354       5368464       312        2             -61       375.0\n\nTable 2:  2024 Diamond Drill Hole Results\n Hole ID      From (m)  To (m)  Interval (m)  Au (g/t)  Composite / Included Interval\n FGS-24-001   170.0     171.0   1.0           1.08      15.0 m @ 0.82 g/t Au (170–185 m)\n FGS-24-001   173.0     174.0   1.0           0.81\n FGS-24-001   174.0     175.0   1.0           1.06\n FGS-24-001   176.0     177.0   1.0           1.42\n FGS-24-001   178.0     179.0   1.0           0.54\n FGS-24-001   179.0     180.0   1.0           1.34\n FGS-24-001   180.0     181.0   1.0           1.23\n FGS-24-001   181.0     182.0   1.0           0.73\n FGS-24-001   182.0     183.2   1.2           0.86\n FGS-24-001   184.0     185.0   1.0           1.37\n FGS-24-003   219.0     220.0   1.0           0.68\n FGS-24-003   273.5     275.0   1.5           0.88\n FGS-24-003   275.0     275.9   0.9           0.57\n FGS-24-003   284.0     285.0   1.0           0.52\n FGS-24-004   146.0     147.7   1.7           0.50\n FGS-24-004   187.0     188.0   1.0           0.59\n FGS-24-004   201.0     202.0   1.0           0.54\n FGS-24-004   213.6     214.1   0.5           12.73     0.5 m @ 12.73 g/t Au (213.6–214.1 m)\n FGS-24-007   82.5      84.0    1.5           0.52\n FGS-24-007   113.0     114.5   1.5           2.49\n FGS-24-010A  204.5     206.0   1.5           2.44\n FGS-24-013   121.5     123.0   1.5           0.66      9.9 m @ 1.36 g/t Au (121.5–131.4 m)\n FGS-24-013   123.0     124.5   1.5           0.77\n FGS-24-013   124.5     126.0   1.5           0.51\n FGS-24-013   128.0     129.0   1.0           0.73\n FGS-24-013   129.0     130.0   1.0           0.55\n FGS-24-013   130.0     130.6   0.6           1.20\n FGS-24-013   130.6     131.4   0.8           7.14\n FGS-24-013   180.0     180.5   0.5           0.72\n FGS-24-013   197.0     197.5   0.5           5.50      3.0 m @ 1.53 g/t Au (197–200 m)\n FGS-24-013   198.0     199.0   1.0           0.52\n FGS-24-013   199.5     200.0   0.5           1.49\n FGS-24-013   355.5     357.0   1.5           1.16\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.html\n(https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.html)\n\nSOURCE Mayfair Gold Corp.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2984824/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\nhttps://mma.prnewswire.com/media/2984855/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\nhttps://mma.prnewswire.com/media/2984856/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3l4d4qa","title":"MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGY","author":"PR Newswire","ticker":"MINE","created":"2026-05-21T11:30:00.078Z","tickers":["MINE","MFG"],"exchange":"NYSE American","article_body":"MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGY\n\nPR Newswire\n\nTORONTO, May 21, 2026\n\n(https://mma.prnewswire.com/media/2984824/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nTORONTO, May 21, 2026 /PRNewswire/ - Mayfair Gold Corp. (\"Mayfair\", \"Mayfair\nGold\", or the \"Company\") (TSXV: MFG) (NYSE American: MINE) is pleased to\nannounce that it is initiating a regional exploration program across its\nTimmins camp land package, following the acquisition of the Guibord, Marriott,\nand Holloway properties and the continued advancement of exploration at the\nSouth Block. These properties complement the Company's flagship Fenn-Gib Gold\nProject, which hosts a 4.3 million ounce indicated mineral resource of gold\n(181.3Mt at an average grade of 0.74 g/t) and was advanced toward development\nthrough a positive Pre-Feasibility Study (the \"PFS\") released in January\n2026.(1)\n\nThe consolidated land package is located along and adjacent to the\nPorcupine–Destor Fault Zone (\"PDFZ\"), one of the most prolific gold-bearing\nstructural corridors in the Abitibi Greenstone Belt. This consolidation\npositions Mayfair to systematically evaluate a district-scale land package\nalong a well-endowed segment of the corridor.\n\nStrategic Highlights\n\n * Regional exploration program initiated to test the high-conviction PDFZ, with\nthe goal of enhancing mineral resource scale and growth opportunities\n * Previous drilling confirms structurally controlled gold mineralization,\nincluding high-grade intervals exceeding 5 g/t Au (see Figure 2)\n * Pipeline of targets advancing toward Phase 1 drill testing via a staged\napproach to maximize capital efficiency\n * Prioritize higher-grade potential for processing at the planned Fenn-Gib\noperation to improve projected return on invested capital, as highlighted in\nthe 2026 PFS ___________________________\n (1)Please refer to the technical report entitled \"Fenn-Gib Gold Project NI\n 43-101 Technical Report and pre-Feasibility Study\" dated effective December\n 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.\n\n\"Mayfair's regional land package provides the Company with a compelling\ndistrict-scale exploration opportunity along the Porcupine-Destor Fault Zone,\"\nsaid Drew Anwyll, P.Eng and CEO of Mayfair Gold. \"The Company's primary focus\nremains advancing Fenn-Gib towards production via the provincial permitting\npath. However, we are excited to relaunch exploration activities across the\nbroader property portfolio as there is a tremendous opportunity to create\nvalue through mineral resource growth. With a measured approach to\nexploration, Mayfair intends to develop an exploration pipeline to highlight\nanother avenue for growth and investment potential that complements what we\nexpect to be the significant value creation of taking Fenn-Gib into\nproduction.\"\n\n\"I joined Mayfair because of the strong exploration upside across its property\nportfolio and its highly prospective position along the Porcupine-Destor Fault\nZone,\" said Adree DeLazzer, VP Exploration. \"The South Block, in particular,\ndisplays compelling litho-structural characteristics within a largely\nunderexplored segment of the fault zone. The combination of favourable\nstratigraphy, structural complexity, and localized high-grade gold\nmineralization underscores the broader exploration potential of the Mayfair\nland package and supports continued systematic target development across the\nproperty.\"\n\nRegional Exploration Focus\n\nMayfair's regional properties are located within a well-endowed segment of the\nPDFZ that hosts a range of gold deposit styles, including high-grade systems.\n\nThese include the Black Fox Mine, a high-grade underground gold operation\nwithin the Timmins camp, as well as the past-producing Croesus Mine,\nhistorically recognized for high-grade gold mineralization, with reported\nhistorical production averaging approximately 95 g/t Au from quartz vein\nsystems *(ODM Vol. LX, Part VIII, 1951) (see Figure 1).(2)\n\nGold mineralization within the corridor is commonly associated with shear\nzones and quartz-carbonate vein systems developed along secondary splays and\nflexures of the deformation corridor, commonly at contacts between volcanic\nunits and sedimentary rocks.  Structural complexity, competency contrasts,\nand localized dilation zones are interpreted to be important controls on\nhigher-grade mineralization within the district. The Company believes the\nconsolidated land package provides exposure to multiple underexplored\nstructural corridors prospective for both bulk-tonnage and high-grade gold\nmineralization.\n _____________________________\n (2) Ontario Department of Mines (ODM Vol. LX, Part VIII, 1951)\n\n(https://mma.prnewswire.com/media/2984855/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nEmerging Regional Exploration Targets\n\nThe South Block comprises 1491 hectares and covers 6.4 kilometres of strike\nlength along the PDFZ.  The property is situated between McEwen Mining Inc.'s\nFox Complex and STLLR Gold Inc.'s Tower Gold Project, both of which host\nmultiple gold deposits along the PDFZ (see Figure 2).\n\nThe South Block represents a structurally prospective and underexplored\nportion of Mayfair's land package, where favourable stratigraphy and\nstructural complexity coincide with limited modern drilling. While portions of\nthe North Block have been extensively drilled and form the basis of the\ncurrent mineral resource estimate, exploration across the South Block remains\nat an early stage.\n\nModern drilling on the South Block has comprised 27 diamond drill holes\ntotaling approximately 5,700 metres targeting gold mineralization, excluding\nearlier kimberlite testing. The 2022 program tested two primary gold target\nareas, while the 2024 program advanced drilling across multiple structurally\ndefined targets identified through integrated geophysical and geological\ninterpretation.\n\nRecent drilling has confirmed the presence of structurally controlled gold\nmineralization across multiple targets, including repeated intervals exceeding\n0.5 g/t Au and narrow higher-grade intervals exceeding 5 g/t Au, with the best\nreported assay of 12.7 g/t Au over 0.5 metres (see Appendix 1). Mineralization\nis associated with shear zones and quartz-carbonate veining developed along\nsecondary structures, consistent with orogenic gold systems in the Timmins\ncamp.\n\nIn addition to the South Block, Mayfair continues to evaluate multiple\nregional exploration targets across the North Block and broader property\npackage, including the Johns-Manville trend, American Eagle, G-101, and\nCentral Syenite target areas. Historical exploration at American Eagle\nreportedly returned grab samples up to 42.0 g/t Au proximal to the Pipestone\nFault, while drilling at the G-101 target reportedly returned intersections\nincluding 4.47 g/t Au over 13.2 metres, including 13.56 g/t Au over 2.77\nmetres. Historical drilling at the Central Syenite target also reportedly\nreturned high-grade gold mineralization, including intervals up to 19.55 g/t\nAu over 1.7 metres associated with intrusive-related structural targets.\n\nAt Guibord, historical drilling intersected 265 g/t Au over 0.50 metres in\nhole G09-01 associated with a syenite dyke and visible gold (see Plato Gold PR\nDec. 22, 2009), while previous operators tested the North Zone returning an\nintersection of 8.22 g/t Au over 2.1 metres, including 13.7 g/t Au over 1.22\nmetres. These targets remain relatively underexplored and represent potential\nopportunities for additional gold discoveries beyond the existing Fenn-Gib\nresource area.\n\n(https://mma.prnewswire.com/media/2984856/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.html)\n\nExploration Strategy\n\nMayfair is advancing a phased exploration program focused on a staged approach\nthat maximizes capital efficiency.\n\n * Integration of historical and modern datasets\n * Refinement of structural controls on mineralization\n * Target generation across Mayfair's regional Timmins camp properties\n * Advancement of priority targets toward Phase 1 drill testing\n * Prioritization of high-grade targets that may offer production advantages\nwithin the Fenn-Gib deposit\nThis approach is designed to systematically evaluate the Company's expanded\nland position and prioritize high-quality exploration opportunities.\n\nNext Steps\n\nInitial work programs are underway and will include:\n\n * Field mapping and validation of geological and geophysical targets\n * Structural interpretation and refinement of priority zones\n * Surface geochemical sampling in target areas\n * Potential Induced Polarization or other geophysical surveys\n * Advancement of priority targets toward follow-up drilling\nMayfair expects exploration activities to continue throughout 2026 as the\nCompany advances priority targets across its regional Timmins camp land\npackage.\n\nAbout Mayfair Gold\n\nMayfair Gold is a Canadian gold company focused on advancing the Fenn-Gib\nProject in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility\nStudy (the \"PFS\") outlines the potential to develop Fenn-Gib into a new\nCanadian gold producer, with initial development capital of C$450 million, a\nbase-case payback period of 2.7 years, and cumulative free cash flow of US$896\nmillion over the first six years of production based on a US$3,100/oz gold\nprice. The Company is advancing permitting activities and stakeholder\nengagement with the goal of starting construction in 2028 and initial\nproduction in 2030.\n\nThe content of this news release has been reviewed on behalf of the Company\nand approved by Adree DeLazzer, P.Geo., VP Exploration of Mayfair, a QP as\ndefined in NI 43-101. The Qualified Person has reviewed the available\nhistorical exploration data referenced in this release, including historical\nreports and assay information where available, and considers the information\nto be relevant as an indication of the exploration potential of the\nproperties. The Company has not independently verified all historical\nexploration results referenced in this news release and readers are cautioned\nthat such results should not be relied upon.\n\nCautionary Note Regarding Forward-Looking Information\n\nThis news release contains certain forward-looking information within the\nmeaning of applicable Canadian securities legislation and forward-looking\nstatements within the meaning of applicable United States securities\nlegislation (collectively \"forward-looking information\"). The use of the words\n\"will\" and \"expect\" and similar expressions are intended to identify\nforward-looking information. Forward-looking information in this news release\nincludes, but is not limited to, the building and operating of the Fenn-Gib\nProject, the growth of the Company's exploration pipeline, the Company's\nbroader land package presenting a compelling opportunity to evaluate\nadditional targets along the Porcupine-Destor Fault Zone, the advancement of\nexploration programs focused on defining and prioritizing structurally\ncontrolled high-grade gold targets and all disclosure related to the PFS,\nincluding the expected commencement of construction and production. Although\nMayfair Gold believes that the expectations reflected in such forward-looking\ninformation are reasonable, readers are cautioned that actual results may vary\nfrom the forward-looking information. The Company has based this\nforward-looking information on its current expectations and assumptions about\nfuture events. This information also involves known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by the\nforward-looking information, including the risks, uncertainties and other\nfactors identified in the annual information form and form 40-F of the Company\nfor the year ended December 31, 2025 available at on the Company's profile at\nwww.sedarplus.ca (http://www.sedarplus.ca) and EDGAR at www.sec.gov\n(http://www.sec.gov) , respectively. Furthermore, the forward-looking\ninformation contained in this news release is made as of the date of this news\nrelease and except as required by applicable securities laws, Mayfair does not\nundertake any obligation to publicly update or to revise any of the included\nforward-looking information, whether as a result of new information, future\nevents or otherwise.\n\nNeither the TSX Venture Exchange (\"TSXV\") nor its Regulation Services Provider\n(as that term is defined in the policies of the TSXV) accepts responsibility\nfor the adequacy or accuracy of this news release.\n\nFor further information, please visit www.mayfairgold.ca\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693748-1&h=3924024786&u=https%3A%2F%2Fwww.mayfairgold.ca%2F&a=www.mayfairgold.ca)\nor direct enquiries to:\n\nDrew Anwyll, P.Eng.\nCEO, Mayfair Gold Corp.\n489 McDougall St.\n Matheson, ON P0K 1N0, Canada\n+1 (855) 350-5600\ninfo@mayfairgold.ca (mailto:info@mayfairgold.ca)\n\nAppendix One – 2024 South Block Exploration Diamond Drill Program\n\nTable 1:  2024 Diamond Drill Collar Parameters\n Hole ID      UTM Easting  UTM Northing  Elev. (m)  Azimuth (°)   Dip (°)   Hole Depth (m)\n FGS-24-001   562354       5368480       314        357           -43       259.3\n FGS-24-002   562746       5368120       324        8             -45       189.0\n FGS-24-003   561849       5367998       312        155           -45       291.0\n FGS-24-004   561860       5367721       320        0             -44       280.0\n FGS-24-005   561852       5367423       322        46            -39       303.0\n FGS-24-006   562111       5367250       327        31            -36       249.0\n FGS-24-007   561324       5367461       316        356           -45       186.0\n FGS-24-008   561247       5367385       311        339           -44       236.0\n FGS-24-009A  560865       5368311       307        231           -43       282.0\n FGS-24-010A  559676       5368136       305        72            -44       234.0\n FGS-24-011   559674       5368133       302        160           -45       261.0\n FGS-24-012   559543       5368676       305        184           -48       276.0\n FGS-24-013   562354       5368464       312        2             -61       375.0\n\nTable 2:  2024 Diamond Drill Hole Results\n Hole ID      From (m)  To (m)  Interval (m)  Au (g/t)  Composite / Included Interval\n FGS-24-001   170.0     171.0   1.0           1.08      15.0 m @ 0.82 g/t Au (170–185 m)\n FGS-24-001   173.0     174.0   1.0           0.81\n FGS-24-001   174.0     175.0   1.0           1.06\n FGS-24-001   176.0     177.0   1.0           1.42\n FGS-24-001   178.0     179.0   1.0           0.54\n FGS-24-001   179.0     180.0   1.0           1.34\n FGS-24-001   180.0     181.0   1.0           1.23\n FGS-24-001   181.0     182.0   1.0           0.73\n FGS-24-001   182.0     183.2   1.2           0.86\n FGS-24-001   184.0     185.0   1.0           1.37\n FGS-24-003   219.0     220.0   1.0           0.68\n FGS-24-003   273.5     275.0   1.5           0.88\n FGS-24-003   275.0     275.9   0.9           0.57\n FGS-24-003   284.0     285.0   1.0           0.52\n FGS-24-004   146.0     147.7   1.7           0.50\n FGS-24-004   187.0     188.0   1.0           0.59\n FGS-24-004   201.0     202.0   1.0           0.54\n FGS-24-004   213.6     214.1   0.5           12.73     0.5 m @ 12.73 g/t Au (213.6–214.1 m)\n FGS-24-007   82.5      84.0    1.5           0.52\n FGS-24-007   113.0     114.5   1.5           2.49\n FGS-24-010A  204.5     206.0   1.5           2.44\n FGS-24-013   121.5     123.0   1.5           0.66      9.9 m @ 1.36 g/t Au (121.5–131.4 m)\n FGS-24-013   123.0     124.5   1.5           0.77\n FGS-24-013   124.5     126.0   1.5           0.51\n FGS-24-013   128.0     129.0   1.0           0.73\n FGS-24-013   129.0     130.0   1.0           0.55\n FGS-24-013   130.0     130.6   0.6           1.20\n FGS-24-013   130.6     131.4   0.8           7.14\n FGS-24-013   180.0     180.5   0.5           0.72\n FGS-24-013   197.0     197.5   0.5           5.50      3.0 m @ 1.53 g/t Au (197–200 m)\n FGS-24-013   198.0     199.0   1.0           0.52\n FGS-24-013   199.5     200.0   0.5           1.49\n FGS-24-013   355.5     357.0   1.5           1.16\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.html\n(https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.html)\n\nSOURCE Mayfair Gold Corp.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2984824/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\nhttps://mma.prnewswire.com/media/2984855/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\nhttps://mma.prnewswire.com/media/2984856/Mayfair_Gold_Corp__MAYFAIR_GOLD_ADVANCES_DISTRICT_SCALE_EXPLORAT.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-21T11:30:00.10845399Z","server_sent_at_ms":1779363000108},"received_at":"2026-05-21T11:30:00.248Z","source_url":"https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.html"},"analysis":{"id":"31364","press_release_id":"41930","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Exploration results and historical data mentioned in the release have not been independently verified by the company"],"eventType":"operations_update","narrative":"Mayfair Gold initiated a regional exploration program across its Timmins camp land package, targeting the Porcupine–Destor Fault Zone following the acquisition of the Guibord, Marriott, and Holloway properties.\n\nThe flagship Fenn-Gib project hosts a 4.3 million ounce indicated resource, and a recent PFS outlined a C$450M capex with a 2.7-year payback period.\n\nRecent drilling at the South Block has confirmed structurally controlled mineralization, including high-grade intervals exceeding 5 g/t Au with a best intercept of 12.73 g/t Au over 0.5 metres.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Mayfair expands exploration footprint at Timmins camp with high-grade intercepts targeting district-scale growth."},"keyFigures":{"customDimensions":{"pfs_capex_cad":450000000,"pfs_fcf_6yr_usd":896000000,"drill_holes_total":27,"pfs_payback_years":2.7,"drill_metres_total":5700,"best_intercept_au_gt":12.73,"south_block_hectares":1491,"indicated_resource_oz":4300000,"indicated_resource_grade_gpt":0.74,"south_block_strike_length_km":6.4,"indicated_resource_tonnage_mt":181.3}},"quotedText":"Mayfair's regional land package provides the Company with a compelling district-scale exploration opportunity along the Porcupine-Destor Fault Zone","namedEntities":{"people":[{"name":"Drew Anwyll","role":"CEO"},{"name":"Adree DeLazzer","role":"VP Exploration"}],"products":["Fenn-Gib Gold Project","Guibord property","Marriott property","Holloway property","South Block","North Block","Black Fox Mine","Croesus Mine"],"companies":[{"name":"Mayfair Gold Corp.","ticker":"MINE"},{"name":"McEwen Mining Inc.","relationship":"neighbor"},{"name":"STLLR Gold Inc.","relationship":"neighbor"}],"dollarAmounts":[{"amount":"C$450 million","context":"initial development capital for Fenn-Gib Project"},{"amount":"US$896 million","context":"cumulative free cash flow over first six years of production"}]},"materialImpact":{"score":3,"reasoning":"The initiation of a district-scale exploration program with high-grade intercepts (up to 12.73 g/t Au) and recent property acquisitions is a positive operational development for a junior miner. It expands the potential resource base beyond the current Fenn-Gib project. However, it remains an exploration update without an immediate production decision or definitive resource estimate upgrade."},"tickerRelevance":{"others":[],"primary":"MINE"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"eventGravity":"exploration-update","sectorWeight":"materials","marketCapAdjustment":"junior-miner"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Mayfair Gold initiated a regional exploration program across its Timmins camp land package, targeting the Porcupine–Destor Fault Zone following the acquisition of the Guibord, Marriott, and Holloway properties.\n\nThe flagship Fenn-Gib project hosts a 4.3 million ounce indicated resource, and a recent PFS outlined a C$450M capex with a 2.7-year payback period.\n\nRecent drilling at the South Block has confirmed structurally controlled mineralization, including high-grade intervals exceeding 5 g/t Au with a best intercept of 12.73 g/t Au over 0.5 metres.","key_figures":{"customDimensions":{"pfs_capex_cad":450000000,"pfs_fcf_6yr_usd":896000000,"drill_holes_total":27,"pfs_payback_years":2.7,"drill_metres_total":5700,"best_intercept_au_gt":12.73,"south_block_hectares":1491,"indicated_resource_oz":4300000,"indicated_resource_grade_gpt":0.74,"south_block_strike_length_km":6.4,"indicated_resource_tonnage_mt":181.3}},"named_entities":{"people":[{"name":"Drew Anwyll","role":"CEO"},{"name":"Adree DeLazzer","role":"VP Exploration"}],"products":["Fenn-Gib Gold Project","Guibord property","Marriott property","Holloway property","South Block","North Block","Black Fox Mine","Croesus Mine"],"companies":[{"name":"Mayfair Gold Corp.","ticker":"MINE"},{"name":"McEwen Mining Inc.","relationship":"neighbor"},{"name":"STLLR Gold Inc.","relationship":"neighbor"}],"dollarAmounts":[{"amount":"C$450 million","context":"initial development capital for Fenn-Gib Project"},{"amount":"US$896 million","context":"cumulative free cash flow over first six years of production"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-21T11:34:24.885Z","global_importance":25,"audience_relevance":30,"importance_components":{"eventGravity":"exploration-update","sectorWeight":"materials","marketCapAdjustment":"junior-miner"}},"durationMs":202959,"modelName":"george-droid-qwen-72b"}}