Mr. James Mackie reports

MAJESTIC ANNOUNCES 2023 AGM RESULTS

The management nominees listed in the information circular for the 2023 annual general meeting (AGM) of shareholders held on Nov. 9, 2023, were elected as directors of Majestic Gold Corp. The shareholders re-elected Stephen Kenwood, Chengliang Jiang and John Campbell for the upcoming year.

Other resolutions submitted by management to shareholders for consideration were approved as presented, including:

• Approval of the company's stock option plan, as summarized in the information circular (99.73 per cent for; 0.27 per cent against);
• Approval of the reappointment of Dale Matheson Carr-Hilton Labonte LLP, chartered professional accountants, as the company's auditor for the ensuing year, and authorization of the directors to fix its remuneration (99.75 per cent for; 0.25 per cent abstain).

Following the AGM, the board of directors reappointed Mr. Kenwood as president and chief executive officer, and James Mackie as chief financial officer and corporate secretary.

About Majestic Gold Corp.

Majestic Gold is a British Columbia-based company engaged in mineral resource exploration, development and extraction. Additional information on the company and its projects is available under the company's profile on SEDAR+ and on the company's website.