Mr. Stephen Kenwood reports

MAJESTIC ANNOUNCES 2025 AGM RESULTS AND ADOPTION OF DIVIDEND POLICY

Majestic Gold Corp. has released the voting results from its 2025 annual general meeting of shareholders held on June 26, 2025.

Shareholders voted in favour of all management nominees and resolutions outlined in the company's information circular. The directors were re-elected to the board of directors for the coming year include Stephen Kenwood, Chengliang Jiang, Charles Uy and John Campbell.

In addition, shareholders approved the following AGM resolutions:

• Auditor reappointment: Shareholders approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP, chartered professional accountants, as auditor of the company for the ensuing year, with the board authorized to fix its remuneration (100 per cent in favour).
• Stock option plan: Shareholders approved the company's stock option plan as described in the information circular (99.65 per cent in favour).

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

Majestic is also pleased to announce that its board has formally adopted a dividend policy.

While no dividends have been declared at this time, the dividend policy establishes a framework to evaluate potential future dividend payments based on, but not limited to, the following considerations:

• Current and projected financial performance;
• Profitability and earnings;
• Cash flow requirements and capital expenditures;
• Market conditions and economic outlook;
• Legal and regulatory requirements;
• Other factors deemed relevant to the board.

"This dividend policy reflects our confidence in Majestic's financial stability and growth strategy," said Mr. Kenwood. "While no dividends have been declared at this time, we believe this policy provides a disciplined framework to assess future returns to our shareholders."

Any future dividends will be at the sole discretion of the board, subject to applicable laws and regulations. The dividend policy will be reviewed periodically and does not represent a binding commitment by the company to declare dividends at any time.

About Majestic Gold Corp.

Majestic, a British Columbia-based company, is a low-cost junior gold producer engaged in commercial gold production in eastern Shandong province, China, with mining operations at its Songjiagou gold mines, its flagship project, and the Mujin gold project.

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