Mayfair Gold Targets Broader Investor Base with Capital Markets Hire, Fenn-Gib Project Advancing

NEW YORK, NY – November 20, 2025

Shifting Investor Focus at Mayfair Gold

Mayfair Gold Corp. (TSXV: MFG, OTCQX: MFGCF) is making a strategic move to broaden its investor base with the appointment of Zayem Lakhani as Vice President, Capital Markets, effective November 19, 2025. This appointment comes as the junior gold explorer seeks to attract capital beyond the traditional mining investment sphere, a trend gaining momentum across the sector as gold prices surge and institutional interest grows. The company believes Lakhani’s expertise as a generalist fund manager will be key to unlocking access to a wider range of investors.

“We’re seeing a definite shift in the appetite for gold assets,” explains one industry analyst. “Investors are increasingly recognizing the value of gold as a safe haven and portfolio diversifier, and they’re looking beyond the usual suspects in the mining space.”

This push for diversification is supported by recent market data. Gold-backed ETFs have experienced substantial inflows, and central banks worldwide continue to increase their gold reserves. While historically, gold exploration companies have relied heavily on specialized mining funds, Mayfair Gold is proactively positioning itself to tap into the broader institutional and retail investor base. Lakhani’s personal investment of 335,000 shares in Mayfair further demonstrates alignment with the company’s long-term vision.

Insider Confidence & Significant Investment

The appointment of Lakhani isn’t the only indicator of confidence surrounding Mayfair Gold. The company’s management team and insiders have collectively acquired over C$15 million in Mayfair equity in the last 12 months, a substantial commitment signaling belief in the company’s prospects. This level of insider investment is particularly noteworthy, exceeding the typical commitment seen in many junior exploration companies.

“Insider buying is always a positive sign,” comments a market strategist. “It suggests that those closest to the company believe in its underlying value and potential for growth.”

Insider ownership currently accounts for a significant 66.32% of outstanding shares, demonstrating strong alignment between management and shareholders. This commitment is further reinforced by the granting of 275,000 stock options to Lakhani and 325,000 to key consultants, vesting over a two-year period. These options incentivize long-term commitment and performance, aligning interests with the goal of maximizing shareholder value.

Fenn-Gib Project Poised for Advancement

Underpinning this strategic shift is the advancement of Mayfair Gold’s flagship project, the Fenn-Gib gold deposit located in the prolific Timmins Gold District of Ontario. Recent updates to the project’s resource estimate indicate a substantial increase in gold resources. The deposit now contains an Indicated Resource of 181.3 million tonnes containing 4.3 million ounces at a grade of 0.74 g/t Au and an Inferred Resource of 8.92 million tonnes containing 0.14 million ounces at a grade of 0.49 g/t Au. This represents a notable increase from prior estimates and positions Fenn-Gib as a potentially significant gold asset.

The company is progressing toward a smaller-scale, 4,800 tonnes per day operation, aiming to mitigate inflationary pressures and optimize early-stage cash flow. A Pre-Feasibility Study (PFS) is on track for completion in the current quarter, evaluating the economic potential of the project based on a conventional open-pit mining operation and gold processing plant. Metallurgical tests have demonstrated robust gold recoveries of up to 94%, further bolstering the project’s viability.

“The Timmins camp is known for its geological richness and well-established mining infrastructure,” says a geologist familiar with the region. “Fenn-Gib represents a compelling opportunity to bring a new, high-quality gold project into production.”

Mayfair Gold recently completed a $40 million LIFE Offering to fund metallurgical work, detailed engineering, permitting, and working capital requirements. The company anticipates commencing the Ontario permitting process in the coming months and is targeting a potential production decision as early as 2028. A confidence drilling program is currently underway to refine waste-to-ore boundaries and improve confidence in the grade profile.

With a strengthened capital markets team, strong insider support, and a promising project in a favorable mining district, Mayfair Gold appears well-positioned to capitalize on the evolving landscape of the gold market.