Mayfair Gold Corp. announced that the Company?s Board of Directors has approved advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Ontario to the pre-feasibility study phase. The Company?s pre-feasibility study will build further on the metallurgical, geotechnical, hydrogeology, and environmental evaluations completed to date to develop a clearly defined project description in support of an environmental assessment.

Mayfair has engaged AGP Mining Consultants as lead engineers of a multi-disciplinary group (AGP Group) to deliver the pre-feasibility study. At the start of the pre-feasibility study, the AGP Group will undertake tradeoff studies to define the optimal parameters of the project. The tradeoff studies are expected to be completed in Second Quarter 2024, following which guidance will be provided for the completion of the pre-feasibility study.