Mayfair Gold Corp. announced a non-brokered private placement of 2,381,000 common shares at a price of CAD 2.10 per share for gross proceeds of approximately CAD 5,000,100 and 2,040,000 flow-through common shares at a price of CAD 2.94 per flow-Through share for gross proceeds of approximately CAD 5,997,600; for aggregate total gross proceeds of CAD 10,997,700 on October 10, 2023. The flow-through share price of CAD 2.94 represents a premium of approximately 38% over the closing price of company's common shares on the TSXV.

Finder?s fees may be payable on a portion of the offering. The shares issued under the offering will be subject to a four-month hold period. The offering is expected to close on or about November 2, 2023.

The offering is subject to customary closing conditions, including approval from the TSX.V.