Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (August 2026)
33 slides from Mayfair Gold's investor presentation, August 2026
Slide 1: Creating Optionality Through Disciplined Project Development
Creating Optionality Through Disciplined Project Development August 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? Unlocking the Value of Fenn-Gib – 4.3 Moz Indicated Gold Resource Strategic Path to Ideal Location to Build with Management: Production Exploration Upside Proven & Aligned ▪ Accelerated Provincial permitting - expected ▪ Prolific Timmins gold district ▪ A management team with a tra
Slide 4: Located in the Timmins Gold District
Located in the Timmins Gold District ▪ Timmins region has historically produced more than 100 Million ounces of gold ▪ Excellent access, infrastructure, labour pool and services FUTURE GRID CONNECTION 4 NYSE MAY FAIRAM: MINE GO LD | TSXV: TAG LI NE CANMFG BE PLA CED HERE MAY FAIRG OLD. CA
Slide 5: High Grade Starter Zone: A Strategic Advantage
High Grade Starter Zone: A Strategic Advantage The near surface high-grade zone allows for early Payback Robust early economics Mining and processing of higher-grade material at the start PFS Open Pit Phase I Pit A key to our accelerated permitting path Most peers don’t have this geological option G
Slide 6: Accelerated Path to Free Cash Flow
Accelerated Path to Free Cash Flow Strategic Path = Accelerated Big, But Slow Path Faster Provincial permitting, 2–3 years Permitting Federal permitting, 7–9 years ‘One Project, One Process’ framework Significantly longer timeframe and uncertainty to schedule < 5,000 tpd Mill / Mine Size +5,000 tpd
Slide 7: Strategic Path Shortens Development Timeline
Strategic Path Shortens Development Timeline We are here – catalyst-rich schedule over Next 6-12 Exploration Discovery Feasibility Permitting and Financing Construction/Ramp up Production Big, But Slow 8 years 2033 2035 Strategic 2 to 3 years 2028 2030 7 NYSE MAY FAIRAM: MINE GO LD | TSXV: TAG LI NE
Slide 8: Catalyst-Rich Schedule
Catalyst-Rich Schedule Q3 – Q4 2026 ▪ One Project One Process (1P1P) application and acceptance ▪ Detailed Engineering & EPCM selection Q4 2026 ▪ Plant equipment and mobile fleet manufacturer selection & long lead procurement Q4 2026 - Q1 2027 $ ▪ Project debt financing Q2 2027 ▪ Regional exploratio
Slide 9: Predictable Schedule to Production/FCF
Predictable Schedule Project designs and impacts stay within the Ontario to Production/FCF environmental approval threshold ▪ Production Profile < 5,000 tonnes per day plant throughput and ore mined DEFINING THE SMALL-SCALE PROJECT TO DERISK ▪ No significant impacts to areas of federal jurisdiction
Slide 10: 2026 Pre-Feasibility Study 1 Highlights
2026 Pre-Feasibility Study1 Highlights PFS1 has 1Moz Reserve at US$3,100 gold. Leaves optionality on 3.3Moz Indicated Resource not mined in PFS Life of Mine Base Case → $114M $1,707M LOM Avg Annual FCF2 Cumulative FCF2 64,096 koz 1.29 g/t Gold US$1,292/Oz LOM Average Annual LOM Avg Gold Grade LOM Av
Slide 11: 2026 PFS1 Study Summary Tables
2026 PFS1 Study Summary Tables Fenn-Gib 2026 PFS1 Summary General Units LOM Operating Metrics LOM Total/Avg. Y1-Y6 Gold Price US$ / oz Gold 3,100 Mine Life yr 14.3 F/X C$:US$1 1.35 Daily Throughput tpd 4,800 4,800 Strip Ratio w:o 6.0:1 7.7:1 Operating Costs per Ounce LOM Y1-Y6 Avg. Gold Grade g/t 1.
Slide 12: Grade and Production Profile
Grade and Production Profile • The Fenn-Gib PFS1 focuses on a high-grade core with average grade of 1.3 g/t Au over the 14.3 year projected mine life • First six years of steady operations expected to produce on average 71koz/year with 1.47 g/t feed grade 2026 PFS Production and Grade Profile 100 1.
Slide 13: Free Cash Flow Sensitivity to Gold Price
Free Cash Flow2 Sensitivity to Gold Price 350 2,500 300 Cumulative After-Tax Cash Flow ($ M) 2,000 After-Tax Cash Flow ($ M) 250 200 1,500 150 1,000 100 500 50 0 0 -50 Y-3 Y-2 Y-1 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 Y16 -500 -100 -1,000 -150 -200 -1,500 $2,500 PFS Base Case $3,100 $4,
Slide 14: Land Position: a Target Rich Location
Land Position: a Target Rich Location Mayfair is located on one of the most prolific structures in the region and surrounded by past producers ▪ The Abitibi Greenstone belt has produced over 190 million ounces and has a gold endowment of over 300 Moz ▪ The two main controlling features are the Desto
Slide 15: Exploration Potential
Exploration Potential ▪ The Fenn-Gib deposit is proof of substantial exploration potential in our land package ▪ The South Block is largely unexplored and sits along the Porcupine-Destor Fault ▪ New Plato ground (Guibord) is very attractive and perfectly situated ▪ North Block is open at depth and a
Slide 16: Re-Rating Opportunity: Catch Up Trade
Re-Rating Opportunity: Catch Up Trade ▪ 2025 = untold story: transition year as management refined the Fenn-Gib development strategy ▪ 2026 = visibility and awareness of strategic path and execution capability GDXJ Mayfair Comparables 4.5 4 3.5 Comps +142% 3 GDXJ 2.5 2 +80% 1.5 1 MFG 0.5 -27% Manage
Slide 17: Rerating Potential
Rerating Potential Current Trading vs. Net Asset Value and Comps (C$/Share **) Producer Re-Rate +455% or +456% ~50% CAGR to 2030 20.00 5.72 4.34 16.40 5.23 3.60 1.11 3.60 MFG Market Cap Fenn-Gib NAV @ $3,100/oz Incremental NAV Remaining Indicated Yrs 2-6 avg Annual Upside Potential @ $4,450/oz Resou
Slide 18: The Team – 35% Insider Ownership
The Team – 35% Insider Ownership MANAGEMENT TEAM Drew Anwyll, P.Eng. Kevin Annett, CPA Zayem Lakhani, CFA JF Métail Adree DeLazzer, P. Geo. Ayaz Kassam, P.Eng. VP CORPORATE VP, MINERAL RESOURCE CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER VP, EXPLORATION DIRECTOR OF PROJECTS DEVELOPMENT & STRATEG
Slide 19: The Team – 35% Insider Ownership
The Team – 35% Insider Ownership BOARD OF DIRECTORS & STRATEGIC ADVISOR Darren McLean Sean Pi, CFA Carson Block Zach Allwright Christine Hsieh Pierre Beaudoin CHAIR OF THE BOARD DIRECTOR DIRECTOR DIRECTOR DIRECTOR STRATEGIC ADVISOR ▪ Director of Research ▪ Partner at Heeney Capital ▪ Founder and Chi
Slide 20: Capitalization Structure
Capitalization Structure MANAGEMENT & INSIDERS 35% INSTITUTIONAL Issued and Outstanding on List 67.1 M 18% Options & Warrants 2.6 M HNW Fully Diluted Shares 69.7 M RETAIL Share Price (as at July 31, 2026) $3.42 Market Capitalization (C$ M) $238 20% C$32M Cash Position Combined CAD/US Volume 28% (as
Slide 21: Mayfair Checks ALL the Boxes
Mayfair Checks ALL the Boxes Great Mines are Built, Not found Mayfair on the path to developing a Great Mine Geology Jurisdiction Management Market and Board Conditions Drives revenues Drives execution Drives execution Drives cost and and margin timeline and probability availability of proba
Slide 22: Appendix
Appendix TSX-V : MFG | NYSE AM: MINE | mayfairgold.ca
Slide 23: Plant Site Layout
Plant Site Layout 23 NYSE MAY FAIRAM: MINE GO LD | TSXV: TAG LI NE CANMFG BE PLA CED HERE MAY FAIRG OLD. CA
Slide 24: Integrated Site Layout
Integrated Site Layout Plant Site and Admin/ Support bldgs Primary Crusher Open Pit Tailings Storage Area Mine Rock Water Storage Area Management Structure 24 NYSE MAY FAIRAM: MINE GO LD | TSXV: TAG LI NE CANMFG BE PLA CED HERE MAY FAIRG OLD. CA
Slide 25: Integrated Site Layout
Integrated Site Layout 25 NYSE MAY FAIRAM: MINE GO LD | TSXV: TAG LI NE CANMFG BE PLA CED HERE MAY FAIRG OLD. CA
Slide 26: De-Risking the Early Gold Production
De-Risking the Early Gold Production: Grade Control Program Confirms Resource Model and Identifies High-Grade Upside RESULTS: ▪ 56 DDH completed on a close-spaced 10 m x 10 m grid to simulate future grade control drilling ▪ Program tested approximately 1 Mt of ore, representing ~25% of Phase 1 Open
Slide 27: Fenn-Gib Gold Project: 4.3 Million Ounce Indicated Gold Resource
Fenn-Gib Gold Project: 4.3 Million Ounce Indicated Gold Resource Indicated Cutoff (Au g/t) Tonnes Au (g/t) Au(ounces) 300,000+ 97% >0.7 64,563,000 1.26 2,615,000 Metres drilled Indicated resource category >0.6 82,125,000 1.13 2,984,000 >0.5 105,644,000 1.00 3,397,000 Indicated Gold Resource Estimate
Slide 28: Capex & Opex Breakdown
Capex & Opex Breakdown Initial Capex (C$ 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 29: Fenn-Gib Process Flow Sheet (PFS)
Fenn-Gib Process Flow Sheet (PFS) ▪ Conventional metallurgical flowsheet ▪ Current design is advancing improvements to the crushing circuit for improved winter operations ▪ Similar to Alamos Gold's Young Davidson mine ▪ Metallurgical recovery range of 80 - 90% Au for a head grade of 0.2 - 1.5 g/t So
Slide 30: 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 31: 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 32: THANK YOU
THANK YOU Drew Anwyll, P.Eng CEO Drew@mayfairgold.ca Zayem Lakhani VP Corporate Development & Strategy Zayem@mayfairgold.ca
Slide 33: Endnotes
Endnotes 1. References in this presentation to PFS or Pre-Feasibility Study refers to the company’s NI-43-101 Technical Report and Pre-Feasibility Study for Fenn-Gib dated January 14, 2026 with an effective date of December 19, 2025. 2. This presentation and certain documents incorporated by referen