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VANCOUVER, BC, April 2, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NSYE American: MINE) is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") with Plato Gold Corp. ("Plato") to acquire Plato's interests in the Guibord, Marriott and Holloway properties (the "Properties") for C$2.5 million in cash. The properties are in close proximity to Mayfair's Fenn-Gib Gold project ("Fenn-Gib" or the "Project") east of Timmins, Ontario. The transaction provides Mayfair with three exploration properties that overlay the regionally important Porcupine-Destor Fault Zone ("PDFZ") and provides critical land adjacent to the Project to the southwest to support potential onsite infrastructure.
Mayfair has a clearly defined path to permit and advance a new mine into production at Fenn-Gib. Mayfair also sees substantial potential to enhance the project economics and production profile of Fenn-Gib through near site exploration. Exploration leverage gives Mayfair an additional lever to create value as the company derisks and advances Fenn-Gib.
Nick Campbell, CEO of Mayfair Gold commented, "We are excited to enter into this agreement with Plato to expand our land holdings near the Fenn-Gib Gold Project by more than 65%. All three properties are closely associated with the Porcupine-Destor Fault Zone, a significant regional structure within the Abitibi Greenstone belt that has produced more than 180 million ounces of gold historically. This transaction, as well as targets within our current land holdings provide Mayfair with new exploration leverage adjacent to and within hauling distance of the proposed Fenn-Gib mine. Furthermore, the Guibord property facilitates critical access for potential onsite infrastructure supporting our permitting process "
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