Mayfair Gold Corp. announced the successful completion of the Company's maiden drill program at the Fenn-Gib South Block, located in the Timmins region of Northeast Ontario. The Fenn-Gib South Block, with approx.

7 kilometers (km) of strike on the prolific Destor-Porcupine Fault, is located approx. 3km south of the North Block, which hosts the Fenn-Gib gold deposit with a NI43-101 Indicated Resource of 2.08M ounces (see "About Mayfair" section below) with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25km and up to 300 meters (m) wide at the west end. Mayfair commissioned the first ever high-resolution triaxial MAG survey es over the South and North Blocks in early 2021.

Based on very encouraging results, a South at 75m spaced flight Block exploration program was designed and, in January 2022, an ice road was constructed from the North Block to give access for line cutting. A total of 84.4km of line cutting was completed across most of the South Block to allow access for ground geophysics. A total of 102.7km of ground magnetic geophysics and 54.5 line-km of induced polarization geophysics were completed.

Based on the excellent survey data, three priority geophysical targets were identified for the Phase 1 drill program, which commenced on April 26, 2022 with a helicopter-supported drill rig. A total of 3,468m was drilled in eighteen holes. Based on the results of the Phase 1 drill program, which are pending, a follow-up Phase 2 program will be planned for next winter.