Mayfair Confirms Completion of Share Consolidation
MAYFAIR CONFIRMS COMPLETION OF SHARE
CONSOLIDATION
VANCOUVER, BC
,
Dec. 18, 2025
/CNW/ - Mayfair Gold Corp. ("
Mayfair
", "
Mayfair Gold
" or the "
Company
")
(TSXV: MFG) (OTCQX: MFGCF) is pleased to confirm that, pursuant to its news release dated
December 15,
2025
, the Company's common shares have been consolidated at a ratio of two pre-consolidated shares to one
post-consolidation share (the
"Consolidation"
). The common shares will begin trading on a post-consolidation
basis on the TSX Venture Exchange at market open today,
December 18, 2025
.
The Company now has 66,797,608 common shares issued and outstanding and all outstanding warrants and
incentive stock options have been adjusted to increase their exercise price by a factor of two and to reduce the
number of common shares issued upon exercise by dividing by two.
About
Mayfair Gold
Mayfair Gold
is focused on the advancement of its 100%-owned Fenn-Gib gold project in
Ontario, Canada
.
Fenn-Gib is located 80km east of
Timmins
. Fenn-Gib hosts a NI 43-101 open pit constrained indicated mineral
resource estimate of 181.3 Mt grading 0.74 g/t Au for 4.3 million contained gold ounces.
1
Located in the prolific
Timmins
gold district accessible by way of Highway 101, which runs right through the project, Mayfair is focused
on utilizing existing access and infrastructure to advance the Fenn-Gib Gold project to production with discipline
and efficacy with a commitment to safety, environmental stewardship and stakeholder engagement.
The scientific and technical content of this news release was reviewed, verified and approved by
Drew Anwyll
,
P.Eng., M.Eng., Chief Operating Officer of the Company, and a Qualified Person as defined under NI 43-101.
_____________________________
1
Additional details regarding the mineral resource estimate can be found in the technical report entitled "National Instrument 43-101 Technical Report – Mineral Resource Estimate Update Fenn-Gib
Project, Ontario, Canada" dated September 23, 2025, with an effective date of September 3, 2024.
Neither the TSX Venture Exchange 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.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information which reflects management's expectations regarding the
Company's growth, results of operations, performance and business prospects and opportunities. Forward-
looking statements in this news release include, but are not limited to, statements regarding the date the
common shares will commence trading on the TSXV on a post-Consolidation basis, the pursuit of the listing on
the NYSE American, including, whether the listing application will be approved and such listing will be obtained,
mineral resource estimates and advancement of the Fenn-Gib Gold Project. Forward-looking information is
based on various reasonable assumptions including, without limitation, the expectations and beliefs of
management, the assumed long-term price of gold, that the Company can access financing, appropriate
equipment and sufficient labour and that the political environment where the Company operates will continue to
support the development and operation of mining projects. Should underlying assumptions prove incorrect, or
one or more of the risks and uncertainties described below materialize, actual results may vary materially from
those described in forward-looking statements.
Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking information, including, without limitation, risks and
uncertainties relating to foreign currency fluctuations, risks inherent in mining including environmental hazards,
industrial accidents, unusual or unexpected geological formations, ground control problems and flooding, delays
or the inability to obtain necessary governmental permits or financing, risks associated with the estimation of
mineral resources and reserves and the geology, grade and continuity of mineral deposits, the possibility that
future exploration, development or mining results will not be consistent with the Company's expectations, the
potential for and effects of labor disputes or other unanticipated difficulties with or shortages of labor, failure of
plant, equipment or processes to operate as anticipated, actual ore mined varying from estimates of grade,
tonnage, dilution and metallurgical and other characteristics, the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses, gold price fluctuations, uncertain political and
economic environments and changes in laws or policies.
The Company undertakes no obligation to publicly update or review the forward-looking statements whether as
a result of new information, future events or otherwise, other than as required under applicable securities laws.
The forward-looking statements reflect management's beliefs, opinions and projections as of the date of this
news release.
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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 18-DEC-25