Mr. James Mackie reports

MAJESTIC ANNOUNCES 2024 AGM RESULTS

The management nominees listed in the information circular for the 2024 annual general meeting of shareholders, held on July 11, 2024, were elected as directors of Majestic Gold Corp. The shareholders re-elected Stephen Kenwood, Chengliang Jiang, Charles Uy and John Campbell for the coming year.

Other resolutions submitted by management to shareholders for consideration were approved as presented, including the approval of the company's stock option plan as summarized in the information circular (99.72 per cent for and 0.28 per cent against). Approval of the reappointment of Dale Matheson Carr-Hilton Labonte LLP, chartered professional accountants, as auditor for the ensuing year, and authorized the directors to fix its remuneration (99.74 per cent for and 0.26 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 is a British Columbia-based company engaged in mineral resource exploration, development and extraction.