Mayfair Gold (MFG) investor relations material

Executive summary

• Reported Q2 2026 operating and financial results, focusing on advancing the Fenn-Gib Project in Northern Ontario.

• Fenn-Gib hosts a 4.3 million ounce indicated gold resource, with a strategy to develop a higher-grade 1 million ounce probable reserve near surface.

• Project advancement includes permitting, detailed engineering, and stakeholder engagement, aiming for construction in 2028 and production in 2030.

• Ongoing exploration targets resource scale and growth opportunities across the broader land package.

Financial highlights

• Pre-Feasibility Study (PFS) outlines initial development capital of C$450 million and a base-case payback period of 2.7 years.

• Projected cumulative free cash flow of US$896 million over the first six years of production, based on a US$3,100/oz gold price.

Outlook and guidance

• Targeting higher-grade near-surface reserves for initial development, with scalability and optionality for future growth.

• Strategy targets provincial permitting for the higher-grade reserve, with construction expected to start in 2028 and initial production in 2030.

• Continued focus on exploration to enhance resource scale and growth.