On March 28, 2024, Mayfair Gold Corp. announced that it has received a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act dated March 27, 2024 from MWCGOF SPV III LP (the ?Requisitioning Shareholder?), a fund controlled by Muddy Waters Capital LLC (?Muddy Waters?). The shareholder meeting is being requisitioned to consider: (a) a special resolution to remove all of the directors of the Company; (b) if the Director Removal Resolution is passed, an ordinary resolution fixing the number of directors at 4; (c) if the Director Removal Resolution is not passed, an ordinary resolution fixing the number of directors at 8 or such lesser number equal to the number of the directors of the Company then in office plus 4; and (d) electing 4 director nominees of the Requisitioning Shareholder.