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Mayfair Gold Corp. Announces Commencement of Trading on the TSX Venture Exchange

Vancouver, British Columbia - TheNewswire - March 22, 2021 - Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSXV:MFG) is pleased to announce that its common shares (the “Common Shares”) have commenced trading on the TSX Venture Exchange (the “TSXV”) under the ticker symbol “MFG” as of market open on March 22, 2021. Mayfair closed its initial public offering on March 11, 2021 for aggregate gross proceeds of $19,777,985 and currently has 76,649,385 Common Shares issued and outstanding. Eight Capital (as lead underwriter), PI Financial Corp., and Clarus Securities Inc. acted as underwriters for the IPO.  

The TSXV published its Final Exchange Bulletin on March 17, 2021 and the Company is listed as a Tier 1 “Mining Issuer” (as such term is defined in the policies of the TSXV). The Company is currently focused on the exploration of its 100% owned Fenn-Gib Property located in northeast Ontario.

Patrick Evans, President and CEO of Mayfair stated: “Mayfair’s listing on the TSXV is another significant milestone for our shareholders as we continue to advance exploration at the exciting Fenn-Gib project. Since the acquisition of Fenn-Gib last December, three drill rigs have been mobilized and more than 4,000 meters of infill and expansion drilling has been completed.  Additional drill rigs will be mobilized as we ramp up our planned 50,000-meter drill program this year”.

The Company also announces that, in order to satisfy TSXV distribution requirements, it has waived the first month of the 8.33% per month voluntary pooling restrictions applicable to an aggregate of 38,006,501 Common Shares held by 110 shareholders of the Company.

On Behalf of the Board of Directors of Mayfair Gold Corp.,

Patrick Evans
Chief Executive Officer and Director

About Mayfair

Mayfair is a British Columbia, Canada based mineral exploration company focused on the exploration of the Company’s 100% owned Fenn-Gib Property. The Fenn-Gib Property consists of 21 fee simple patented properties, 144 unpatented mining claims, and 153 patented leasehold mining claims located in the Guibord, Munro, Michaud and McCool Townships in northeast Ontario, Canada.

For Further Information Contact:

Investor Relations
Phone: (416) 670-5114

Qualified Person Statement

Mayfair Gold’s disclosure of technical and scientific information in this news release has been reviewed and approved by Howard Bird, P Geo., Vice President Exploration for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.

Forward Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Mayfair’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Mayfair’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors set forth under “Forward-Looking Statements” and “Risk Factors” in the Company’s Final Prospectus dated March 5, 2021. Mayfair undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Mayfair to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.