Mayfair Gold names two executives to advance Fenn-Gib project

Mayfair Gold Corp. (TSXV: MFG, NYSE American: MINE) has appointed Desmond Tranquilla as Chief Projects Officer and Ruben Wallin as Senior Vice President, Sustainability, according to a company statement dated Aug. 24, 2026.

Tranquilla is a Professional Engineer with more than 35 years of experience in mining project development, construction, and operations. He previously served as Vice President, Projects at Canada Nickel Company, where he helped advance the Crawford Nickel Project. His career includes leadership roles on Vale's C$1.6 billion Atmospheric Emission Reduction Project and the C$1.5 billion Detour Lake Mine Project. He has also held senior roles at SNC-Lavalin, Ausenco, AMEC, and Detour Gold.

Wallin brings more than 30 years of experience in environmental stewardship, permitting, government relations, and community engagement. He most recently served as Vice President, Sustainability at Generation Mining, where he worked on environmental approvals for the Marathon Project. He has previously held positions at Placer Dome, De Beers Canada, Barrick, Osisko, and Detour Gold.

The company also granted each appointee stock options to acquire 200,000 common shares, priced at the 5-day volume weighted average trading price on the TSX Venture Exchange as of Aug. 24, 2026, with a five-year term expiring Aug. 24, 2031.

Mayfair Gold additionally announced the grant of 2,452,500 Performance Restricted Share Units to certain officers and employees. These units will vest upon achievement of specific milestones related to the Fenn-Gib Project, with a minimum vesting period of one year and a maximum of three years.

Mayfair Gold is a development-stage company focused on its Fenn-Gib gold project in Northern Ontario. The company's 2026 Pre-Feasibility Study outlines initial development capital of C$450 million and targets construction beginning in 2028 with initial production in 2030.

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