MAYFAIR ANNOUNCES SHARE CONSOLIDATION AND FILING OF NYSE AMERICAN LISTING APPLICATION

Core Viewpoint - Mayfair Gold Corp. is consolidating its common shares at a ratio of two pre-consolidation shares to one post-consolidation share to support its application for listing on the NYSE American [1][3]. Group 1: Share Consolidation Details - The company currently has 133,595,191 common shares issued and outstanding, which will reduce to approximately 66,797,595 shares post-consolidation [2]. - The consolidation has been conditionally accepted by the TSX Venture Exchange, with an expected completion date of December 17, 2025, and trading on a post-consolidation basis will commence on December 18, 2025 [3]. - Outstanding warrants and incentive stock options will be adjusted to reflect the consolidation, increasing their exercise price by a factor of two and halving the number of shares issued upon exercise [2]. Group 2: Shareholder Information - Uncertificated shareholders will have their book-entry accounts electronically adjusted without needing to take additional actions [4]. - Registered shareholders holding physical share certificates will receive a letter of transmittal to exchange their pre-consolidation shares for post-consolidation shares [5]. Group 3: Company Overview - Mayfair Gold is focused on advancing its 100%-owned Fenn-Gib gold project located in Ontario, Canada, which has a mineral resource estimate of 181.3 million tonnes grading 0.74 g/t Au, equating to 4.3 million contained gold ounces [6][8]. - The project is situated in the Timmins gold district, with access via Highway 101, and the company aims to utilize existing infrastructure to advance the project with a commitment to safety and environmental stewardship [6].