Mayfair Gold Names Drew Anwyll as COO
Mayfair Gold Names Drew Anwyll as COO
VANCOUVER, British Columbia, February 13, 2025 – Mayfair Gold Corp. (“ Mayfair” , “Mayfair Gold ” or the “ Company”)
(TSX-V: MFG; OTCQX: MFGCF) is pleased to announce its board of directors has appointed Drew Anwyll, P .Eng as Mayfair’s
new Chief Operating OƯicer (“COO”), eƯective March 1, 2025.
Mr. Anwyll is a Professional Engineer (Ontario) with over 30 years of experience in project and operating in Canada and
globally. Mr. Anwyll has worked extensively with companies including Generation Mining, Detour Gold, Barrick Gold, and
Placer Dome along with various other junior and intermediate mining companies in Northern Ontario, across Canada and
internationally. He is broadly regarded as being technically strong with extensive operating experience in both open pit and
underground operations. Mr. Anwyll has contributed to or directly lead the start-up, commissioning and operation of
multiple mines.
Most recently, Mr. Anwyll was COO for Generation Mining where he led the team in Project studies, design and pre-
construction planning; he helped advance the Project successfully through a joint federal and provincial review panel for
the environmental assessment approval and supported the team with the permitting process; he also contributed to
developing strong relationships with key indigenous communities. Prior to this, he was Senior Vice-President – Technical
Services and Vice-President Operations | Mine General Manager at Detour Gold’s open pit gold mine in Northern Ontario.
He held these positions during the critical construction, commissioning and start-up of the largest gold mine in Canada.
Nick Campbell, Chief Ex ecutive OƯicer of Mayfair stated, “Drew is a key member of the Mayfair team as we shift focus to
the design, development and execution of the Fenn-Gibb Gold Project in Ontario. He has a proven track record of advancing
mining projects from study and design, through environmental approvals, permitting and execution on construction into
successful operations. His extensive recent experience on projects and mines in Ontario makes Drew particularly suited
to lead the technical team as we advance the Fenn-Gibb gold project. I am very excited for the opportunity to work together
with Drew to unlock the value of Fenn-Gibb for Mayfair stakeholders. ”
Mr. Anwyll commented, “I’m happy to be joining the Mayfair Gold team and look forward to making contributions and
advancing the environmental approvals and project design quickly and eƯiciently. It is a solid Project that, I believe, can be
advanced to operation swiftly. ”
Mayfair has granted Mr. Anwyll 350,000 incentive stock options under the Company’s share option plan at an exercise price
of $1.85. 1/3 of the options will vest on March 1, 2026 and 1/36 will vest each subsequent month thereafter, subject to Mr.
Anwyll being actively employed at the time of vesting. Once vested, the options will remain exercisable for a five-year term
expiring on February 13, 2030.
About Mayfair Gold
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project
in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an
updated NI 43-101 open pit constrained mineral resource estimate with an eƯective date of September 3, 2024 with a total
Indicated Resource of 181.3M tonnes containing 4.313M ounces at a grade of 0.74 g/t Au and an Inferred Resource of 8.92M
tonnes containing 0.14M ounces at a grade of 0.49 g/t Au at a 0.30 g/t Au cut-oƯ grade.
Cautionary Notes to U.S. Investors Concerning Resource Estimates
This news release has been prepared in accordance with the requirements of the securities laws in eƯect in Canada, which
diƯer from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing ,
the terms “mineral reserve” , “proven mineral reserve” , “probable mineral reserve” , “inferred mineral resources, ” “indicated
mineral resources, ” “measured mineral resources” and “mineral resources” used or referenced in this presentation are
Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the 2014
Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions
and Guidelines, May 2014 (the “CIM Standar ds”). The CIM Standards di Ưer from the mineral property disclosure
requirements of the U.S. Securities and Exchange Commission (the “SEC”) in Regulation S-K Subpart 1300 (the “SEC
Modernization Rules”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”). As a foreign private issuer
that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not
required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide
disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company’s disclosure of mineralization and other
technical information may diƯer significantly from the information that would be disclosed had the Company prepared the
information under the standards adopted under the SEC Modernization Rules.
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 design, development and
execution of the Fenn-Gibb Gold Project, the advancement of the Fenn-Gibb Gold Project to operation and the timing
thereof, the Company’s ability to unlock value for its stakeholders, and the advancing of environmental approvals and
project designs. 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 suƯicient 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
diƯer 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 e Ưects of labor disputes or other unanticipated
diƯiculties 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.
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.
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 (800) 342-6705, [email protected].