#Canada #Vancouver #NYSE American #Mayfair Gold #Fenn-Gib

Mayfair Gold Corp. Announces Share Consolidation

In a significant move toward expanding its market presence, Mayfair Gold Corp. (TSXV: MFG, OTCQX: MFGCF) has announced a share consolidation initiative. This consolidation involves consolidating two pre-consolidation shares into one post-consolidation share. This strategic decision aligns with the company's objective to list its common shares on the NYSE American, a well-respected exchange that could enhance liquidity and investor accessibility.

The Consolidation Details

Currently, Mayfair Gold has 133,595,191 common shares circulating in the market. Following the share consolidation, the total will be approximately 66,797,595. This action ensures compliance with the minimum share price criteria required by the NYSE American, thereby increasing Mayfair's chances of a successful listing.

The consolidation has received conditional approval from the TSX Venture Exchange (TSXV) and is slated for completion at the close of business on December 17, 2025. Shareholders can expect their shares to begin trading on a post-consolidation basis starting December 18, 2025.

Shareholder Adjustments

For shareholders holding uncertificated shares, adjustments will be made electronically to their accounts by the company's transfer agent. This means no action is needed on their part to swap pre-consolidation shares for the new post-consolidation equivalent. However, registered shareholders with physical certificates will receive a transmittal letter from the company, instructing them on how to exchange their existing certificates for the new versions reflective of the consolidation.

Commitment to Growth and Responsibility

Mayfair Gold is anchored in Ontario, with its Fenn-Gib gold project located east of Timmins. The project boasts an indicated resource estimate of 181.3 million tonnes graded at 0.74 g/t Au, totaling about 4.3 million gold ounces. This resource is part of the company's strategy to leverage existing infrastructure and access routes to facilitate a smooth transition to production.

Drew Anwyll, the Chief Operating Officer of Mayfair Gold, oversees the technical aspects of the mining operation, ensuring all practices align with safety and environmental standards. With a commitment to stakeholder engagement and environmental stewardship, the company aims to balance profit potential with responsible mining practices, promoting sustainability in its operations.

Forward-Looking Statements

It is important to note that this announcement contains forward-looking information. Expectations regarding the consolidation process, the potential for an NYSE American listing, and estimates of mineral resources are subject to risks and uncertainties. The company acknowledges that market factors, regulatory approvals, and operational challenges may impact actual outcomes.

Mayfair Gold remains confident in its strategy and is focused on leveraging this consolidation to pave the way for growth in the competitive gold mining sector. The management team's proactive approach and clear objectives could position the company for substantial success in the coming years, ultimately benefiting its shareholders and stakeholders alike.

For more information, stay tuned for updates from Mayfair Gold as developments unfold and as they navigate this pivotal moment in their corporate journey.