MAYFAIR GOLD APPOINTS DANIEL JANUSAUSKAS AS VICE PRESIDENT, TECHNICAL SERVICES

Mayfair Gold (MINE) has appointed Daniel Janusauskas as Vice President, Technical Services, effective November 1, 2026, to lead its technical services function.

Rhea-AI Summary

Mayfair Gold (MINE) has appointed Daniel Janusauskas as Vice President, Technical Services, effective November 1, 2026, to lead its technical services function.

His role will support advancement of the 100%-owned Fenn-Gib Gold Project toward a construction decision. Janusauskas is a mining engineer with more than 15 years of experience in technical services, mine planning, project development and operations. Most recently, he was Technical Services Manager at Generation Mining, where he helped advance the Marathon Copper-Palladium Project through financing and the transition into construction.

Key Figures

Appointment effective date: November 1, 2026

Appointment effective date

November 1, 2026

Vice President, Technical Services appointment

Key Terms

ni 43-101, indicated mineral resource, probable mineral reserve, non-gaap financial measures

4 terms

ni 43-101 regulatory

"experience in operational ramp-up and optimization, life-of-mine planning, NI 43-101 studies"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

indicated mineral resource technical

"hosts a 4.3-million-ounce indicated mineral resource of gold"

A quantified portion of a mineral deposit where geological evidence and sampling give a reasonable level of confidence in the quantity, grade and continuity of the minerals — think of it as a well-marked stretch on a treasure map rather than a vague hunch. It matters to investors because it provides a credible estimate that can be used for preliminary economic studies and valuation, reducing uncertainty compared with less-certain resource categories.

probable mineral reserve technical

"targeting the higher-grade 1-million-ounce probable mineral reserve"

A probable mineral reserve is the portion of a mineral deposit that geologists and engineers judge likely to be economically mineable based on available data and reasonable assumptions about extraction, costs and market conditions; it carries a moderate level of confidence, higher than a resource estimate but lower than a proven reserve. Investors care because it represents the amount of commodity a company can reasonably expect to convert into saleable product—like a cautiously optimistic shopping list that helps estimate future production, revenue and project risk.

non-gaap financial measures financial

"referred to as non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Oct. 5, 2026 /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair" or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce the appointment of Daniel Janusauskas, P.Eng., as Vice President, Technical Services, effective November 1, 2026. Mr. Janusauskas will lead the Company's technical services function as it advances and de-risks the 100%-owned Fenn-Gib Gold Project ("Fenn-Gib" or the "Project") toward a construction decision.

Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair Gold, stated: "I have worked closely with Daniel previously and know him to be an exceptional engineer with broad experience spanning mining operations, technical studies, and project development. His technical judgement, practical approach, and strength of character make him ideally suited to help lead Fenn-Gib through its next stage of development and toward becoming an operating gold mine. We are very happy to welcome him to Mayfair."

Daniel Janusauskas, P.Eng., is a mining engineer with more than 15 years of experience in technical services, mine planning, project development, and operations. Most recently, he served as Technical Services Manager at Generation Mining, where he helped advance the Marathon Copper-Palladium Project through feasibility updates, lender due diligence and independent engineer reviews, project financing, and the transition into construction.

Previously, Mr. Janusauskas held technical and leadership roles with Baffinland Iron Mines, Detour Gold, and BBA, with experience in operational ramp-up and optimization, life-of-mine planning, NI 43-101 studies, and project evaluation. He holds a Bachelor of Mining Engineering from McGill University and is a recipient of the CIM-Bedford Canadian Young Mining Leaders Award.

Mr. Janusauskas, P.Eng., incoming Vice President, Technical Services, added: "I am excited to join Mayfair Gold at an important stage in Fenn-Gib's development. Mayfair has assembled an experienced and agile team, and I look forward to bringing my project development and operational experience to help advance Fenn-Gib toward production and build Mayfair into an operating and growing gold company."

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100%-owned Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3-million-ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS")¹ is to develop the Project under the provincial permitting process, targeting the higher-grade 1-million-ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow² of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The Company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.

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1 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.

2 Free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, targeting the higher-grade 1-million-ounce mineral reserve, building and operating the Fenn-Gib Project, any anticipated permitting timelines, and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. 

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Mayfair Gold Corp.

FAQ

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Who is Mayfair Gold's new Vice President, Technical Services, and when does he start?

Daniel Janusauskas will become Vice President, Technical Services on November 1, 2026. He will lead the technical services function as Mayfair advances its Fenn-Gib Gold Project toward a construction decision.