Mayfair Gold Corp. announced an updated interim mineral resource estimate at the Company's 100% controlled Fenn-Gib Gold Project, located in the Timmins region of Northeast Ontario. Based on assay results from approximately 81% of the Company's ongoing 140,000-meter (m) infill and expansion drill program, the Fenn-Gib Zone deposit now hosts a NI 43-101 open-pit constrained Indicated mineral resource estimate of 3.38 million (M) ounces (oz) gold (Au) at a grade of 0.93 grams per tonne (gpt) Au and an Inferred mineral resource of 0.16Moz Au at 0.85 gpt 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 500m wide at the west end. Highlights of the Updated Fenn-Gib Mineral Resource Estimate at 0.40 gpt Au cut-off grade: Fenn-Gib Zone open-pit constrained Indicated resource of 3,382,788 oz at 0.93 gpt Au; Fenn-Gib Zone open-pit constrained Inferred resource of 157,292 oz at 0.85 gpt Au.