Mr. James Mackie reports

MAJESTIC GOLD CORP. ANNOUNCES OUTCOME IN INJUNCTION PROCEEDING REGARDING PRIVATE PLACEMENT FINANCING

The Supreme Court of British Columbia has issued a decision in respect of an application brought in a petition proceeding initiated by Fan Zhong Kong seeking, among other relief, an interlocutory injunction delaying Majestic Gold Corp. from completing the non-brokered private placement announced on May 21, 2025, until after Mr. Kong's petition is decided on its merits or until after the company's annual general meeting (AGM) of shareholders, scheduled to be held on July 31, 2026. The court declined to order this relief.

On an interlocutory basis, the court has directed that the private placement may close after the record date for the AGM, which is June 29, 2026. The company intends to close the private placement as expeditiously as possible.

About Majestic Gold Corp.

Majestic Gold 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 and the Mujin gold project. Additional information on the company and its projects is available on SEDAR+ and on the company's website.

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