Mayfair Gold Named to 2024 OTCQX Best 50 in the United States

MATHESON, Ontario, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQX: MFGCF) is pleased to announce it has been named to the 2024 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market in the United States.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2024 OTCQX Best 50 were ranked based on their performance in 2023.

Mayfair Gold President and CEO Patrick Evans commented: "We are very pleased to have received this recognition as a top performing stock on the OTCQX in 2023. Last year was marked by significant progress at Mayfair’s Fenn-Gib Gold Project, located in the Timmins region of Ontario, Canada. Key milestones included a resource update and completion of advanced metallurgical, geotechnical and hydrogeology studies in support of pre-feasibility-level open-pit design for the Fenn-Gib Project. I would like to thank our team for their efforts and stakeholders for their continued support."

For the complete 2024 OTCQX Best 50 ranking, visit:

https://www.otcmarkets.com/files/2024_OTCQX_Best_50.pdf

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Mayfair Gold

Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an updated NI 43-101 resource estimate with an effective date of April 6. 2023 of a total Indicated Resource of 113.69M tonnes containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., who is deemed a qualified person as defined by NI 43-101). The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over 500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fen-Gib deposit can deliver robust gold recoveries of up to 94%.