MFG.V · 2026-02-11 12:00:00

Mayfair Gold Presents the Initial Results from the 2025 Grade Control Drilling Program at the Fenn-Gib Project

Exploration Programs

Mayfair Gold Presents the Initial Results from the 2025 Grade Control

Drilling Program at the Fenn-Gib Project

VANCOUVER, BC

Feb. 11, 2026

/CNW/ - Mayfair Gold Corp.

("Mayfair"

"Mayfair Gold"

, or the

"Company"

) (TSXV: MFG) (NSYE: MINE) is pleased to

announce the initial results from the tight-spaced, grade control drilling program ("

Grade Control Program

" or "

Program

") at the Fenn-Gib Project in

Northern

Ontario

Nick Campbell

, CEO of

Mayfair Gold

commented, "

These initial results increase our confidence in the highest

grade, early years of the Fenn

Gib mine. While

preliminary, they indicate potential for positive grade reconciliation, support the PFS early

year assumptions, and are providing important data to advance

project financing. Remaining assays are expected in Q1 2026.

The Grade Control Program comprised 56 diamond drill holes totaling approximately 4,200 metres. All holes were drilled vertically on a

10 m

spacing

pattern to a target depth of 75 metres. The program was completed within the core of the Phase 1 starter pit and represents roughly one million tonnes of

material anticipated to form part of the initial plant feed once construction is complete.

The objective of the program was to simulate grade control drilling and provide additional data to support delineation of the near

surface portion of the orebody.

This news release reports results from 36 of the 56 drill holes; assays for the remaining holes are pending.

These results are considered interim in nature until all data from the complete Program is received and all QAQC results have been verified. No conclusions are

being drawn currently regarding potential impacts on the overall mineral resource estimate or mine plan. In addition, the drill results disclosed herein were not

incorporated into the Company's 2026 Pre-Feasibility Study, published on

8 January 2026

and titled

"Fenn-Gib Project: NI 43101 Technical Report and Pre-

Feasibility Study."

A copy of the technical report is available under the Company's profile on SEDAR+.

According to

Jean-Francois Metail

, Mayfair's Mineral Resource consultant, "

In these interim results, the grade control program is already providing a high level

of confidence in the block model within the starter pit. Just as importantly, it is generating critical, mining

scale information on ore geometry, dilution, and

potential ore loss that will be hugely useful as the operation moves toward start

up and early production.

The objectives of the Grade Control Program were to:

Validate near

surface grade distribution and ore geometry using closely spaced grade

control drilling

Compare drilling results directly against the existing resource block model to assess local grade variability

Improve definition of ore–waste boundaries to support efficient mining (i.e., reduce dilution and metal

loss in both planning and operations)

Increase confidence in grades and production during the ramp-up and early years of operations

Contribute to broader strategy of de

risking the Project following the PFS

Enhance confidence for potential lenders as part of the Fenn-Gib project financing

The following figures illustrate the general location of the Program within the initial starter pit

Figure 1: Plan View of Open Pit showing Grade Control Program Area (CNW Group/Mayfair Gold Corp.)

Figure 2: Isometric view looking north-easterly (CNW Group/Mayfair Gold Corp.)

Figure 3: Long section, looking north. Stage 1, starter pit outlined.

Vertical holes delineate the grade control program drillholes; inclined holes are historic diamond

drill holes included in the MRE estimate (CNW Group/Mayfair Gold Corp.)

(Interim) Grade Control Program Drill Data

The data presented provides a direct comparison between the intervals drilled during the Grade Control Program and those predicted by the current mineral

resource block model.

Figure 1: Comparison of Grade Control and Block Model Results

(1)

(2)

(3)

(4)

(5)

Hole-ID

Grade Control

Program

Block Model

Grade Control Program

Block

Model

Total

Length

(m)

Capped

(g/t)

Length

(m)

Capped

(g/t)

Length

(m)

(g/t)

Au > 0.0 g/t

Au >= 0.80

MRE-FG25-001

0.93

1.14

1.78

1.53

MRE-FG25-002

1.42

1.23

2.21

1.49

MRE-FG25-003

1.54

1.07

2.06

1.35

MRE-FG25-004

1.02

1.18

1.42

1.65

MRE-FG25-005

1.17

2.22

2.06

2.63

MRE-FG25-006

0.92

1.23

2.22

1.58

MRE-FG25-007

0.99

1.51

1.47

1.93

MRE-FG25-008

0.90

0.95

2.78

1.24

MRE-FG25-009

0.89

1.00

1.32

1.45

MRE-FG25-010

1.08

1.14

1.86

1.52

MRE-FG25-011

0.74

1.20

1.24

1.45

MRE-FG25-012

1.42

0.92

2.92

1.22

MRE-FG25-013

2.54

0.92

4.16

1.07

MRE-FG25-014

1.75

1.51

2.13

1.97

MRE-FG25-015a

0.90

1.41

1.58

1.61

MRE-FG25-016

0.91

1.25

1.47

1.48

MRE-FG25-017

0.71

1.07

1.09

1.27

MRE-FG25-018

1.46

1.15

2.32

1.32

MRE-FG25-019

0.84

1.72

1.32

1.99

MRE-FG25-020

0.93

1.55

1.56

2.16

MRE-FG25-021

1.60

1.37

2.57

1.51

MRE-FG25-022

1.39

1.59

1.78

1.59

MRE-FG25-023

0.81

1.45

1.32

1.70

MRE-FG25-024

2.02

1.64

2.60

1.71

MRE-FG25-025

3.09

2.08

3.83

2.55

MRE-FG25-026

0.93

1.00

1.29

1.13

MRE-FG25-027

1.40

2.01

1.53

2.25

MRE-FG25-028

1.50

1.84

1.93

MRE-FG25-029a

1.51

1.38

1.96

1.38

MRE-FG25-030

1.21

1.49

1.85

1.64

MRE-FG25-031

1.92

1.24

2.14

1.28

MRE-FG25-032

4.25

1.98

4.92

2.23

MRE-FG25-033

2.25

2.17

2.37

2.31

MRE-FG25-035

3.02

1.52

3.80

2.00

MRE-FG25-036

1.51

1.16

2.11

1.29

MRE-FG25-041

1.24

0.90

1.54

1.21

Total

2,355

1.47

1.40

1358

2.21

1788

1.68

NOTE: All grade data based on 5m composites, thereby allowing for comparing of Grade Control Program diamond drill holes to the 5m resource block model

How to read the table and data format:

Each row shows one

75m

vertical drill hole from the grade

control program and compares what the assayed grades against the 2026 PFS resource block

model grade along the same path. The data is summarized into 5

metre composites to allow for direct comparison against the

resource model block

height.

Comparing the in-rock portion of the drilled holes (column (2)) against the average grade reported over the same interval in the resource block model (Column

(3)), the results show a modest increase in average grade (1.47g/t vs 1.40 g/t).

When applying a cut-off grade of 0.8 g/t, the program indicates higher grades over somewhat shorter lengths (column (4)) versus the block model (column

(5)) (

1,358m

@ 2.21 g/t vs.

1,788m

@ 1.68 g/t).

It should be noted that, while the Grade Control Program reports higher average grades over shorter mineralized intervals above the 0.8 g/t Au cutoff, the

resulting grade–length product is broadly consistent with that predicted by the block model.

No conclusions are to be drawn from the Program until final assay results from the remaining 20 of the 56 drill holes are received and all QA/QC procedures have

been completed.

QA/QC

Mayfair Gold

maintains a Quality Assurance/Quality Control (QA/QC) program aligned with NI 43

101 requirements and industry best practices. NQ

size surface

drilling was carried out by Black Diamond Drilling of

Matheson, Ontario

, under the supervision of

Mayfair Gold's

exploration team. The drill program includes

detailed geological logging and systematic sampling of drill core at Mayfair's secure facility in

Matheson, Ontario

Drill core selected for analysis was cut longitudinally using a diamond

blade saw. One half of the core was retained in the core box for reference, and the other

half was bagged, sealed, and prepared for shipment. Analytical work was completed by Swastika Laboratories Ltd. in

Swastika, Ontario

. Swastika Laboratories

is accredited by the Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the ISO/IEC 17025 standards for gold analysis by fire assay with

gravimetric finish and fire assay with flame atomic absorption spectroscopy (FAAS) finish.

Samples were delivered directly to Swastika Laboratories by Mayfair personnel. Samples are crushed to minimum 80% passing 1,700 μm. Samples are then split

to obtain a 300–500 g sample using a rotary divider. 300–500 g samples are pulverized to minimum 85% passing 74 μm. Gold assays were completed using a

gram fire assay with FAAS finish. Samples returning gold grades greater than 10 g/t were re

assayed using a 30

gram fire assay with gravimetric finish. As

part of Mayfair's QA/QC protocol, one certified reference material (CRM), one coarse blank, and one coarse duplicate sample were inserted into the sequence of

every 25 samples. Routine third

party check assays are also performed.

All holes in the program were drilled fully vertical (-90° dip) and true thickness is not estimated.

Additional Disclosure Related to Investor Relations and Communication Advisory Services

The Company previously disclosed agreements with several investor relations and capital markets consultants. As per exchange requirements additional details

are being provided herein.

Mayfair has entered into an agreement with Swiss Resource Capital AG (SRC) a

Switzerland

-based investor relations firm specializing in the resource space.

Focusing its efforts in

Europe

, SRC will assist in messaging, communication, creation and design of materials, non-deal roadshows, virtual campaigns, targeted

investor outreach and affiliated media awareness programs. Pursuant to the agreement, the company has agreed to pay a monthly fee of

6,000 CHF

per month in

arrears for a 12-month term. SRC is an arms-length private company based in Herisau,

Switzerland

owned and led by CEO

Marc Ollinger

. Neither SRC or

Marc

Ollinger

have any interest, directly or indirectly, in the securities of the Company.

Mayfair has entered into an agreement with Triomphe Holdings Ltd., doing business as Capital Analytica, a marketing and public awareness company in the

mining sector. Capital Analytica will provide digital awareness, monitoring and engagement reporting services. This includes dissemination of company material in

an array of social media forums and monitoring of activity, engagement and sentiment. Pursuant to the agreement, the company has agreed to pay

$150,000

payable in two tranches for a 6-month term with an option to renew for additional 6-month terms at a rate of

$75,000

. Capital Analytica is an arms-length

company based in

Nanaimo, B.C.

owned and led by its Founder

Jeff French

. Capital Analytica does not have any interest, directly or indirectly, in the securities of

the Company.

About

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 PFS outlines the potential to develop Fenn-Gib into a new Canadian gold producer for initial development capital of

C$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.

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively

"forward-looking Information"). The use of the words "will" and "expected" and similar expressions are intended to identify forward-looking information. This

information includes statements that trading is expected to commence on the NYSE American on

Tuesday, January 27, 2026

, under the symbol "MINE",

concurrent with the start of trading on the NYSE American, the Common Shares will cease trading on the OTCQX. Although

Mayfair Gold

believes that the

expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-

looking information. The Company has based these forward-looking statements and information on the Company's current expectations and assumptions about

future events including assumptions regarding final listing mechanics. 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 annual information form of the Company for the year ended

December 31, 2024

, available at

www.sedarplus.ca

. Furthermore, the

forward-looking statements contained in this news release are made as at the date of this news release and Mayfair does not undertake any obligation to publicly

update or revise any of these forward-looking statements 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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https://www.prnewswire.com/news-releases/mayfair-gold-presents-the-initial-results-from-the-2025-grade-control-drilling-program-at-the-fenn-gib-project-302684697.html

SOURCE

Mayfair Gold Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2026/11/c7224.html

%SEDAR: 00050362E

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 11-FEB-26

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