Mr. James Mackie reports

MAJESTIC GOLD RESUMES OPERATIONS AT THE SJG UNDERGROUND MINE

Operations have resumed at Majestic Gold Corp.'s Songjiagou (SJG) underground mine, following the successful renewal of its safety production permit.

As disclosed in the Sept. 15, 2025, news release, the company's operations at the SJG underground mine were temporarily suspended on Sept. 1, 2025, due to the expiration of its safety production permit.

On Nov. 20, 2025, the company's subsidiary, Yantai Zhongjia Mining Co. Ltd., received its safety production permit renewal and has subsequently resumed operations at the SJG underground mine.

About Majestic Gold Corp.

Majestic Gold, 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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