Pierre Beaudoin Appointed as Strategic Advisor to Mayfair Gold

Pierre Beaudoin Appointed as Strategic Advisor to

Mayfair Gold

VANCOUVER, BC

,

Feb. 3, 2026

/CNW/ - Mayfair Gold Corp.

("Mayfair"

,

"Mayfair Gold"

, or the

"Company"

) (NYSE

American: MINE) (TSXV: MFG) is pleased to announce the appointment of

Pierre Beaudoin

as Strategic Advisor to the

Company.

Mr. Beaudoin is a mineral processing professional with 40 years of international operating and project development

experience. Recently, Pierre was Chief Operating Officer of SilverCrest Metals Inc., where he successfully led the technical

studies, construction, and ramp

up of the Las Chispas Mine in

Mexico

, delivering the project ahead of schedule, below

budget during the pandemic, and with an efficient and rapid ramp

up to commercial production. Prior to SilverCrest, Mr.

Beaudoin worked as Senior Vice President, Capital Projects, followed by Chief Operating Officer, with Detour Gold

Corporation, during which time he was involved in the construction and operation of the Detour Lake Mine, now the largest

gold mine in

Canada

. He also held capital projects and management roles with Barrick Gold Corporation. He currently

serves as Chairman of Radisson Mining Resources Inc. and is a Director of Coeur Mining Inc.

Mr. Beaudoin has been appointed as Strategic Advisor to Mayfair, to provide independent senior-level technical and

strategic guidance as the Company advances the Fenn-Gib gold Project. Specifically, it is anticipated that Pierre's extensive

experience will benefit Mayfair in terms of its plant design, construction readiness and risk management as the company

advances permitting and prepares for the start of construction activities.

Nicholas Campbell

, Mayfair CEO, commented: "I had the pleasure of working with Mr. Beaudoin when I worked at

SilverCrest Metals Inc. and

Drew Anwyll

, COO of Mayfair, worked with Pierre at Detour Gold Corp. through construction,

commissioning and operations. Several other members of the Mayfair team have also worked alongside Pierre over the

years, which makes his association with our collective efforts especially meaningful and a natural fit for our team. It is an

understatement to say that we are pleased to have Pierre as an advisor as we finalize the process plant, the overall Project

designs, and prepare for the start of construction at Fenn

Gib. We welcome his input as we continue to advance the Project

and are pleased to have him join

Mayfair Gold

as a Strategic Advisor."

As compensation for his role as Strategic Advisor,

Mayfair Gold

has issued

Pierre Beaudoin

100,000 options with a strike

price of

C$5.36

per share for a period of five years, expiring on

February 3, 2031

. He will also be entitled to participate in

the Company's omnibus equity incentive program in the future.

The content of this news release has been reviewed on behalf of the Company and approved by

Drew Anwyll

, P.Eng., Chief

Operating Officer of Mayfair, a QP as defined in NI 43-101.

About

Mayfair Gold

Mayfair Gold

is a Canadian gold development stage company focused on advancing the 100% controlled Fenn-Gib Project

in the

Timmins

region of

Northern Ontario

. The Company's pre-feasibility study outlines the potential to develop Fenn-Gib

into a new Canadian gold producer for initial development capital of

$450 million

, with a base case payback period of 2.7

years and cumulative free cash flow of

$896 million

over the first six years of production based on a

US$3,100

/oz gold price.

The Company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting

construction in 2028 with initial production in 2030.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of

applicable Canadian and

United States

securities legislation, including the United States Private Securities Litigation Reform

Act of 1995 (collectively "forward-looking Information"). Forward-looking information is frequently, but not always, identified

by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential",

"possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or

results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and

similar expressions. This information includes statements regarding the Company's intention to advance the Project to

become a "mine in production" as defined in the Ontario Mining Act, the Company continuing to advance the technical

studies, consultation processes, and permitting and approvals processes required to support planned future development,

the Company continuing to derisk through environmental, technical and socioeconomic work that will underpin future

construction and operating approvals, the Company's pre-feasibility study outlining the potential to develop Fenn-Gib into a

new Canadian gold producer and the Company's goal of starting construction in 2028 with initial production in 2030, as well

as the anticipated benefits of the Company's new Strategic AdvisorAlthough Mayfair Gold believes that the expectations

reflected in such forward-looking information are reasonable, readers are cautioned that actual results may vary from the

forward-looking information. The Company has based this forward-looking information on the Company's current

expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties

and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking

information, including the risks, uncertainties and other factors identified in the Company's annual information form for the

year ended

December 31, 2024

, and registration statement Form 40-F available at

www.sedarplus.ca

and sec.gov/edgar,

respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news

release and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information

except as may be required by applicable securities laws.

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE

Mayfair Gold Corp.

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For further information:

For further information, please visit www.mayfairgold.ca or direct enquiries to: Nicholas Campbell,

CEO, Mayfair Gold Corp. 489 McDougall St, Matheson, ON P0K 1N0 Canada, +1 (855) 350-5600, [email protected]

CO: Mayfair Gold Corp.

CNW 07:00e 03-FEB-26