On May 10, 2024, Mayfair Gold Corp. announced that it has filed its management information circular and related proxy materials in connection with its upcoming Annual General and Special Meetings of Shareholders to be held on June 5, 2024. The Information Circular includes a Letter to Shareholders from Harry Pokrandt, Chairman of the Company's board of directors.

The Company also announced it has entered into a Settlement Agreement with certain employees of the Company to ensure the retention of their services on behalf of Mayfair up to the Meeting. The Board unanimously recommends that shareholders vote to re-elect as directors each of Harry Pokrandt, Patrick Evans, Christopher Reynolds and Douglas Cater. The Board further recommends that shareholders reject the resolutions proposed by Muddy Waters Capital LLC, including the resolution to elect as directors its 4 nominees: Carson Block, Darren McLean, Freddy Brick, and Anthony Jew (the 'Muddy Waters Nominees').

Harry Pokrandt, Chairman of the Board, Mayfair Gold, commented: 'The current Board has the experience, track record, and strategic vision to continue creating value for shareholders, and its consistent delivery on key objectives warrants reappointment for another year. The proposal to replace a proven team that has performed near the top of its peer group with a set of novice directors who lack any operational mining experience and have presented no plan for the Company is one that the Company simply cannot support.'