Mayfair Gold Strengthens Leadership Team with New Appointments for Fenn-Gib Project Development

Mayfair Gold Corp., operating under the ticker symbols TSXV: MFG and NYSE American: MINE, has recently announced significant enhancements to its leadership team aimed at expediting the development of the Fenn-Gib Project. The company's new Chief Projects Officer, Desmond "Des" Tranquilla, and Senior Vice President of Sustainability, Ruben Wallin, will be instrumental in steering the project as it moves closer to critical milestones, including the Ontario government's One Project, One Process (1P1P) approvals and a projected construction decision in 2028.

Leadership for Future Success

Drew Anwyll, the CEO of Mayfair Gold, expressed enthusiasm about welcoming Des and Ruben, citing their unique expertise and extensive backgrounds in mining and sustainability. "These appointments reinforce our management as we advance the project on multiple fronts," Anwyll stated, emphasizing the alignment of their skills with the company's urgent timeline for the Fenn-Gib venture.

Des Tranquilla brings over 35 years of industry experience, having held senior roles at prominent companies such as Canada Nickel Company and SNC-Lavalin. His extensive portfolio includes leading various major development projects, highlighting his capability in mining operations, construction, and strategic leadership. With a degree in Civil Engineering from the University of New Brunswick, Tranquilla is set to build upon the strong technical foundation of the Fenn-Gib Project and ensure that the development strategy transforms into an effective execution plan.

On the other hand, Ruben Wallin arrives with more than three decades of experience in mining operations that make him a valuable asset in navigating the complexities surrounding environmental approvals and community relations. Having previously worked with recognized mining firms including Placer Dome and Barrick, Wallin's role will involve fostering strong connections with Indigenous communities while ensuring that the project adheres to high sustainability standards.

Strategic Appointments to Drive Sustainability and Efficiency

Both leaders will collaborate closely with an experienced team to prioritize safe and efficient progress through the 1P1P framework. Des Tranquilla commented, "I am thrilled to be joining Mayfair Gold at such a critical juncture. My focus will be to not only advance the Fenn-Gib Project but also to position Mayfair as a prominent player in the Canadian gold sector."

Wallin echoed this sentiment, expressing excitement about contributing to the responsible advancement of the project and emphasizing the importance of building respectful and transparent relationships with all stakeholders involved. He stated his commitment to ensuring the project’s compliance with environmental regulations and its successful integration with local communities.

Incentives for the Future

In conjunction with their appointments, both Tranquilla and Wallin will be granted stock options, providing them each with the right to acquire 200,000 common shares in the company at a specified exercise price. Additionally, Mayfair Gold announced the granting of over 2.4 million Performance Restricted Share Units (PRSUs) to various officers and staff, marking a significant move towards aligning the interests of the management team with those of the shareholders as the project progresses.

About the Fenn-Gib Project

The Fenn-Gib Project is a focal point for Mayfair Gold, situated in the Timmins region of Northern Ontario. It boasts a substantial indicated mineral resource of 4.3 million ounces of gold, with ambitions aimed at developing a probable mineral reserve of 1 million ounces. Aiming for construction commencement in 2028 and initial production by 2030, Mayfair seeks to enhance the mineral resource scale through ongoing exploration and stakeholder engagement. This initiative underscores Mayfair’s strategic objective to emerge as a leading gold producer in Canada.

With new leadership steering Mayfair Gold’s path forward as they work on Fenn-Gib, the company is poised to take significant strides in the mining sector while maintaining a clear focus on sustainable practices and community involvement.