Mayfair Gold Corp. announced the sixth set of results for 2022 from the Fenn-Gib drill program, which is mainly focused outside the current conceptual pit-constrained resource. Results from the seven new drill holes reported on October 13, 2022 confirm strong strike and depth expansion of the Fenn-Gib gold mineralization, which remains open in most directions.

Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI43-101 Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers (km) and up to 300 meters (m) wide at the west end. Based on assay results up to July 31, 2022, the Company is planning to provide a resource update before the end of October. A further resource update is planned for Second Quarter 2023 which will incorporate all the drill results since July 31, including those reported below.

Highlight drill results include: FG22-242 intersected 1.40 grams/tonne (g/t) gold (Au) over 65.0m, including 1.79 g/t Au over 44.6m; FG22-250 intersected 0.87 g/t Au over 311.0m, including 1.08 g/t Au over 57.0m, including 1.10 g/t Au over 99.0m and 1.36 g/t Au over 33.6m; FG22-251 intersected 0.69 g/t Au over 158.0m, including 1.05 g/t Au over 85.0m; FG22-254 intersected 1.12 g/t Au over 102.0m, including 2.66 g/t Au over 25.3m; and FG22-257B intersected 0.87 g/t Au over 68.3m, including 1.08 g/t Au over 38.6m. The above drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib results, including: hole FG21-153 intersected 233.0m at a grade of 1.05 g/t Au, including 84.0m at a grade of 1.83 g/t Au, and also including 25.5m at a grade of 4.70 g/t Au; hole FG21-148 which intersected 101.0m at a grade of 0.88 g/t Au, including 51.7m at a grade of 1.16 g/t Au; hole FG21-149 intersected 101.9m at a grade of 0.75 g/t Au, including 18.0m at a grade of 1.77 g/t Au; hole FG21-150 intersected 65.5m at a grade of 1.18 g/t Au, including 10.0m at a grade of 4.24 g/t Au; hole FG21-190 intersected 0.59 g/t Au over 158.0m, including 1.07 g/t Au over 34.0m, hole FG21-217C intersected 0.77 g/t Au over 184.5m, including 0.98 g/t Au over 62.0m, and including 1.31 g/t Au over 18.8m, and hole FG22-223 intersected 1.21 g/t Au over 112.1m, including 3.04 g/t Au over 31.5m; hole FG21-206 intersected 0.93 g/t Au over 134.2m, including 1.31 g/t Au over 78.3m, and hole FG21-213 intersected 1.02 g/t Au over 92.7m. Drilling at Fenn-Gib is continuing, supported by three drill rigs.

Additional drill results from the infill, expansion and step-out drill program will be announced as soon as they are received.