Mayfair Gold Corp. announced that the Fenn-Gib Project, Canada’s first carbon neutral gold project, has purchased carbon offsets to account for emissions from Company-wide activities during 2022, the Company’s second year of operations.  Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit constrained Indicated mineral resource estimate of 3.38 million ounces (Moz) gold (Au) at a grade of 0.93 grams per tonne (g/t) Au and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au.

The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers (km) and is over 500 meters (m) wide at the west end. An independent assessment of the Company’s activities, conducted by Toronto-based Carbonzero, determined Mayfair Gold’s Scope 1, 2, and material Scope 3 GHG emissions to be 688 tonnes of CO2-equivalent. These emissions related principally to exploration activities at Fenn-Gib, where a total of 64,838m was drilled in 116 holes.

To compensate for these emissions, Mayfair has purchased carbon offsets from Carbonzero to support the Canada-wide Thermal Residential Heating Aggregation Project, with the offsets being retired on the Canadian Standards Association (CSA) Clean CleanProjects® Registry. The project, which is verified under ISO-14064-2, replaces conventional residential fossil fuel combustion heating with solar heating systems located at private residences across Canada. The carbon offset project was specifically selected to directly benefit a broad range of Canadians.