Mayfair Gold Shareholders Back Board and Approve Incentive Plan

The meeting resulted in the re-election of Darren McLean, Carson Block, Zach Allwright, Sean Pi, and Christine Hsieh to the board of directors. Investors also moved to re-appoint Davidson & Company LLP as the company's independent auditors.

Following the meeting, Mayfair announced a new round of equity compensation for staff. The company granted 475,000 stock options to specific officers and employees. These options are tied to a five-year term expiring June 25, 2031, with an exercise price set by the five-day volume-weighted average trading price of the company's common shares as of the meeting date.

Mayfair remains focused on the Fenn-Gib asset in Northern Ontario. Current internal projections from the 2026 pre-feasibility study target construction for 2028, with the goal of reaching initial production by 2030. The project holds an indicated resource of 4.3 million ounces of gold, with the company aiming to leverage a near-surface reserve of 1 million ounces to establish itself as a Canadian producer.