Mayfair Gold Corp. Announces Incentive Stock Options for Directors and Employees

Mayfair Gold Corp. Grants Incentive Stock Options

Mayfair Gold Corp. (TSX-V: MFG; OTCQX: MFGCD), a prominent player in the gold mining industry, has taken significant steps towards enhancing its operational strategy by granting incentive stock options to various stakeholders. This initiative comes as the Company focuses on solidifying its future growth, particularly in relation to the Fenn-Gib Project in Northern Ontario.

Details of the Stock Options Granted

On January 26, 2026, Mayfair Gold announced the issuance of incentive stock options to its directors, officers, employees, and advisors under its omnibus incentive plan. The granted options allow the purchase of a total of 645,000 common shares at an exercise price of CAD 5.94 per share. These options have a five-year validity period, set to expire on January 26, 2031. As the Company's leadership aims to incentivize their team, this move highlights the commitment to aligning the interests of employees and stakeholders with the long-term vision of Mayfair Gold.

Strategic Implications of the Grant

This initiative is more than just a financial maneuver; it reflects Mayfair Gold's strategic planning as it advances its flagship Fenn-Gib Project. According to the Company’s pre-feasibility study, the Fenn-Gib Project has the potential to emerge as a new Canadian gold producer, with an estimated initial development capital requirement of USD 450 million. The projected payback period is an impressive 2.7 years, alongside an anticipated cumulative free cash flow of USD 896 million over the initial six years based on a conservative gold price of USD 3,100 per ounce.

Overview of the Fenn-Gib Project

The Fenn-Gib Project, which is entirely controlled by Mayfair Gold, is located in the renowned Timmins region of Northern Ontario, a historically rich area for gold production. With ongoing permitting activities and detailed engineering processes, the Company's goal is to commence construction in 2028 and initiate gold production by 2030. This timeline signals an ambitious but attainable route to becoming a key player in the gold mining landscape of Canada.

Forward-Looking Information and Risks

While the recent developments mark a pivotal moment for Mayfair Gold, the Company does urge stakeholders to remain prudent about potential risks. The forward-looking statements presented in their disclosures indicate a cautious yet optimistic perspective regarding future operations and outcomes, underscoring the uncertainties inherent in capital projects. These include market fluctuances, regulatory changes, and operational challenges that could affect the anticipated timelines and financial projections.

Conclusion

Mayfair Gold’s recent decision to issue stock options demonstrates a calculated effort to encourage loyalty and performance among its workforce, ensuring their interests remain in lockstep with the Company’s growth objectives. With a solid plan for the Fenn-Gib Project, potential investors and stakeholders appear to be positioned for exciting developments ahead. As construction timelines approach, all eyes will be on Mayfair Gold to deliver on its promise of becoming a robust contributor to Canada’s gold mining sector.