Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (January 2026)
27 slides from Mayfair Gold's investor presentation, January 2026
Slide 1: Creating Optionality Through Disciplined Gold Development
Creating Optionality Through Disciplined Gold Development January 2026
Slide 2: Cautionary Note Regarding Forward Looking Statement
Cautionary Note Regarding Forward Looking Statement This presentation contains "forward looking information" for purposes of applicable securities laws ("forward-looking statements"). Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are base
Slide 3: Why Mayfair Gold?
Why Mayfair Gold? Strategic Path to Management: Ideal Location to Build with Production Exploration Upside Proven & Aligned Track record of advancing development assets to Accelerated Provincial permitting Prolific Timmins gold district Production (Artemis Gold, SilverCrest Metals, Detour Gold
Slide 4: Located in the Timmins Gold District
Located in the Timmins Gold District Timmins region has produced more than 100 Million ounces of gold historically Excellent access, labour pool, services and infrastructure PORCUPINE COMPLEX MUNRO-CROESUS O N TA R I O FENN-GIB OPEN PIT 4.3 M oz Indicated Gold Resources 0.1 M oz Inferred Gold Re
Slide 5: Strategic Path Unlocks Free Cash Flow
Strategic Path Unlocks Free Cash Flow Strategic Path Big, But Slow Path Provincial Permitting (2-3 years) Federal Permitting (7-9 years) Permitting ‘One Project One Process’ framework to streamline mining No greenfield project approved since Impact Assessment Act project approval Pathway (2019) <5,0
Slide 6: Strategic Path Advances Development
Strategic Path Advances Development Exploration Discovery Feasibility Permitting and Financing Construction/Ramp up Production Big, But Slow 8 years 3 years Strategic 2 to 3 years 2 years 6 TSXV: MFG MAYFAIR GOLD| TAGLINE MFGCF OTCQX:CAN BE PLACED HERE MAYFAIRGOLD.CA
Slide 7: 2026 Pre-Feasibility Study Highlights
2026 Pre-Feasibility Study Highlights PFS has 1Moz Reserve at US$3,100 gold. Leaves optionality on 3.3Moz Indicated Resource not mined in PFS 64,096 kOz 1.29 g/t Gold US$1,292/Oz C$114M C$1.7B LOM Average Annual LOM Average Gold Grade LOM Average ASIC LOM Average Cumulative FCF Gold Production Annua
Slide 8: 2026 PFS Highlights – Spot Gold Scenario
2026 PFS Highlights – Spot* Gold Scenario PFS has 1Moz Reserve at US$4,450 gold. Leaves optionality on 3.3Moz Indicated Resource not mined in PFS 64,096 kOz 1.29 g/t Gold US$1,291/Oz C$192M C$2.9B LOM Average Annual LOM Average Gold Grade LOM Average ASIC LOM Average Cumulative FCF Gold Production A
Slide 9: 2026 PFS Study Summary Tables
2026 PFS Study Summary Tables Fenn-Gib 2026 PFS Summary General Units LOM Operating Metrics LOM Total/Avg. Y1-Y6 Gold Price US$ / oz Gold 3,100 Mine Life yr 14.3 F/X C$:US$1 1.35 Daily Throughput tpd 4,800 4,800 Strip Ratio w:o 6.0:1 7.7:1 Operating Costs per Ounce LOM Y1-Y6 Avg. Gold Grade g/t 1.29
Slide 10: Grade and Production Profile
Grade and Production Profile • The Fenn-Gib PFS focuses on a high-grade core with average grade of 1.3 g/t Au over the 14.3 year projected mine life • First six years of steady operations expected to produce on average 71,336 oz/year with 1.47 g/t feed grade Fenn-Gib 2026 Production and Grade Profil
Slide 11: Free Cash Flow Profile
Free Cash Flow Profile Post-Tax Economics at $3,100 Gold C$ 652M 24% NPV (5%) IRR (%) 2.7 Years 1.4x Payback Period NPV/ Initial Capex Post-Tax Economics at $4,450 Gold C$ 1.37B 38% NPV (5%) IRR (%) 1.7 Years 3.1x Payback Period NPV/ Initial Capex ($ M) Year of production 1 2 3 4 5 6 Base Case Annua
Slide 12: Capex & Opex Breakdown
Capex & Opex Breakdown Initial Capex (C$ M) Initial Capex Cost Breakdown Mining $31.4 Mining Crushing $21.6 7% Contingency Crushing Process Plant $114.7 5% 15% On-Site Infrastructure $72.4 Other Infrastructure $15.6 Project Preliminaries $35.9 Project Indirects $30.7 Owner’s Owner’s Cost $61.7 Cost
Slide 13: Integrated Site Layout
Integrated Site Layout LEGEND TSF Tailings Storage Facility MRSA Mine Rock Storage Area Plant Site and Equipment Crushing Facilities 13 TSXV: MFG MAYFAIR GOLD| TAGLINE MFGCF OTCQX:CAN BE PLACED HERE MAYFAIRGOLD.CA
Slide 14: Proposed Fenn-Gib Process Flow Sheet
Proposed Fenn-Gib Process Flow Sheet Conventional metallurgical flowsheet Similar to Alamos Gold's Young Davidson mine Metallurgical recovery of 90% Au for a head grade of 1.5 g/t Source: Ausenco, 2025. 14 TSXV: MFG UNLOCKING MAYFAIR GOLD| TAGLINE THEOTCQX: VALUE OFMFGCF FENN-GIB CAN BE PLACED
Slide 15: Predictable Schedule to Production
Predictable Schedule The Project designs and impacts to stay within the Ontario to Production environmental approvals Production Profile < 5,000 tonnes per day plant and ore mined No significant impacts to areas of federal jurisdiction DEFINING THE SMALL-SCALE PROJECT TO DERISK This will still r
Slide 16: HG Pit Confidence Drilling Program Ongoing
HG Pit Confidence Drilling Program Ongoing PFS Open Pit 56 drill tight-spaced holes completed in Dec 2025 Targeting high grade mineralization Results expected in January 2026 Source: Mayfair Gold Corp. 16 TSXV: MFG UNLOCKING MAYFAIR GOLD| TAGLINE THEOTCQX: VALUE OFMFGCF FENN-GIB CAN BE PLACED HERE M
Slide 17: Exploration Potential
Exploration Potential The Fenn-Gib deposit remains open at depth and along strike in multiple directions Additional mineralized zones may exist in the North Block outside of the Barrick back-in right The South Block is largely unexplored and sits along the Porcupine-Destor Fault 17 TSXV: MFG M
Slide 18: Re-Rating Opportunity: Catch Up Trade
Re-Rating Opportunity: Catch Up Trade 2025 = untold story: transition year as management refined the Fenn-Gib development strategy 2026 = visibility and awareness of robust economics and strategic path related to Mayfair investment opportunity GDXJ Mayfair Comparables 3.5 3 Comps +186% 2.5 GDXJ
Slide 19: Comps and Rerating Potential
Comps and Rerating Potential Current Trading Value vs. Net Asset Value (C$ mm) NPV* Sensitivity to Gold Price Spot Gold $24.74/share ** $ per share value ** $12.56 $3,888 $11.22 $18.18/share ** $9.87 $8.53 Base Case $7.18 $12.28/share ** $5.82 $4.47 $3.11 $5.82/share ** $788 $5.55/share Source for i
Slide 20: The Team – 35% Insider Ownership
The Team – 35% Insider Ownership MANAGEMENT TEAM Mining executive with 20+ years of experience across Professional Engineer with 30+ years of global mining capital markets, corporate development, and mine experience across operations, project development, and technical development leadership R
Slide 21: The Team – 35% Insider Ownership
The Team – 35% Insider Ownership BOARD OF DIRECTORS Darren McLean Sean Pi, CFA Carson Block Zach Allwright Christine Hsieh CHAIR OF THE BOARD DIRECTOR DIRECTOR DIRECTOR DIRECTOR Director of Research Partner at Heeney Capital Founder and Chief Investment Mining professional with 15 Internat
Slide 22: Capitalization Structure
Capitalization Structure MANAGEMENT & INSIDERS 13.5% 34.6% Issued and Outstanding on List 66.8 M INSTITUTIONAL Options & Warrants 1.7 M HNW Fully Diluted Shares 68.5 M RETAIL Share Price (as at Jan 7, 2026) $5.55 Market Capitalization (C$ M) $6.0 $371 800,000 23.9% C$40 M Cash Position 28.0% $5.0 35
Slide 23: Appendix
ow my MAYFAIR GOLD January 2026 TSX-V : MFG | OTCQX: MFGCF | mayfairgold.ca 4
Slide 24: Fenn-Gib Gold Project: 4.3 Million Ounce Indicated Gold Resource
Fenn-Gib Gold Project: 4.3 Million Ounce Indicated Gold Resource Indicated Cutoff (Au g/t) Tonnes Au (g/t) Au(ounces) 300,000+ 97% >0.7 64,563,000 1.26 2,615,000 Metres drilled Indicated resource category >0.6 82,125,000 1.13 2,984,000 >0.5 105,644,000 1.00 3,397,000 Indicated Gold Resource Estimate
Slide 25: Metallurgical Testwork: De-Risked Plant Design
Metallurgical Testwork: Quality Metallurgical Testing De-Risked Plant Design 4 Phases of met testing completed since 2010 to define: mineral characterization and rock properties Quality Metallurgical Testing Defined Plant Flow Sheet metallurgical performance (for processing option evaluation
Slide 26: 2025 Fenn-Gib Metallurgical Test Results
2025 Fenn-Gib Metallurgical Test Results 2025 Metallurgical Testwork Program Targets to support the 2025 PFS: • Ball Mill grind size of 80% passing 106 µm • 23 to 29% concentrate mass pull • Fine grinding size of 80% passing 13 µm • 30-hr cyanidation period (rate kinetic samples taken at 6, 12, 18,
Slide 27: THANK YOU
THANK YOU Nick Campbell CEO nick@mayfairgold.ca Zayem Lakhani VP Capital Markets zayem@mayfairgold.ca