Mr. James Mackie reports

MAJESTIC GOLD TEMPORARILY SUSPENDS OPERATIONS

Operations at both Majestic Gold Corp.'s Songjiagou gold project and Mujin gold project have been temporarily suspended following notification from the Yantai Emergency Management Bureau that all gold mining operations in Yantai are required to cease immediately. The suspension has been ordered in response to a serious accident that occurred on Feb. 7, 2026, at an unrelated third party mining operation in Zhaoyuan city, Yantai.

The Emergency Management Bureau advised the company's subsidiaries, Yantai Zhongjia Mining Co. Ltd. and Yantai Mujin Mining Co. Ltd., that in addition to the immediate shutdown of the mine involved in the incident, all other non-involved mining companies in the region, including the company, must also suspend production pending further notice. Zhongjia and Mujin have fully co-operated with the directive and have halted mining operations accordingly. The company expects to receive an official written notice from the Emergency Management Bureau outlining the next steps.

The company will provide further updates regarding the resumption of operations and any additional relevant information as it becomes available.

The company also provides a corporate update that it continues its efforts in seeking additional gold property acquisitions and joint venture opportunities. Management is currently in South Africa attending the Mining Indaba 2026 and 121 Mining Investment Conferences, where the company is meeting with potential partners and other mining companies to advance its strategic growth initiatives.

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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