Mr. James Mackie reports

MAJESTIC GOLD CORP. ANNOUNCES TEMPORARY SUSPENSION OF PRODUCTION AT SONGJIAGOU UNDERGROUND MINE

Majestic Gold Corp.'s safety production permit for the Songjiagou underground mine expired on Sept. 11, 2025. Yantai Zhongjia Mining Co. Ltd., a subsidiary of the company, submitted all required application documents to the Shandong Provincial Emergency Management Department in August, 2025, for renewal of the safety production permit.

To facilitate the application process and in view that the emergency department may conduct unannounced safety inspections of the mining area, Yantai Zhongjia voluntarily suspended major production activities at the Songjiagou underground mine, effective Sept. 1, 2025. This temporary suspension allows for a comprehensive hazard investigation by the emergency department and ensures that Yantai Zhongjia can effectively implement any safety rectification measures, if required, in support of the renewal application for the safety production permit.

As at the date of this announcement, Yantai Zhongjia has not yet received the new safety production permit for the Songjiagou underground mine. Under normal circumstances, the emergency department will grant a new safety production permit before the expiry date, provided the application is submitted on time. However, due to stricter safety protocols implemented this year, Yantai Zhongjia anticipates receiving the renewed safety production permit by the end of October, 2025.

During the interim, Yantai Zhongjia will continue processing ore previously mined from the Songjiagou underground mine. Operations at the Songjiagou open-pit mine remain normal and unaffected by the safety production permit renewal process.

The company will issue further announcements regarding the progress of the renewal application process and the resumption of production activities at the Songjiagou underground mine.

About Majestic Gold Corp.

Majestic, a British Columbia-based company, is a low-cost junior gold producer engaged in commercial gold production at the Songjiagou gold mine in eastern Shandong province, China.

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