Mayfair Gold Announces Private Placement Financings

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Summary

The Company will renounce such CEE expenditures with an effective date of no later than December 31, 2023.A portion of net proceeds of the Shares issued under the Offering will be reserved for working capital. Finders fees may be payable on a portion of the Offering.The shares issued under the Offering will be subject to a four-month hold period. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. Mayfair undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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