Majestic Gold Announces Resignation of Director and Establishes Board Committees
1370-1140 West Pender Street Vancouver, B.C., V6E 4G1 Telephone: 604-681-4653 Facsimile: 604-608-9406 TSX.V:MJS www.majesticgold.net Email: [email protected]
Majestic Gold Announces Resignation of Director and Establishes Board Committees
Vancouver, British Columbia, January 26, 2010 – Majestic Gold Corp. (TSX.V: MJS) announces that Alexander Korelin resigned from its board of directors on January 25, 2010, with immediate effect.
The board has four members following his resignation: Rod Husband, Shaohui Chen, Daniel Pisenti, and Rudy Brauer.
Al Korelin stepped down as director after assisting the Company in seeking out well-qualified directors with years of experience in financing and mining.
Rod Husband, President and CEO stated, “We appreciate the service rendered by Al over the past years and his desire for the success of the Company.”
The new board has appointed an Audit Committee for the ensuing year, consisting of Daniel Pisenti as Chair, Rudy Brauer, and Rod Husband. The board also established a Compensation Committee, a Corporate Governance Committee, and a Nomination Committee.
Majestic Gold Corp. is an advanced stage gold exploration company with two projects in China. The Company currently is focused on its gold project (which contains 1.2 million ounces in a 43-101 compliant resource) located in the prolific gold region of Song Jiagou in eastern Shandong Province. This project has had resource estimates prepared and an exploration program is well underway as the Company works to rapidly advance this project toward production.
On Behalf of the Board of Directors MAJESTIC GOLD CORP.
Signed “Rod Husband”
Rod Husband, P.Geo.
President and CEO
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398 Email: [email protected] or visit our Website: www.majesticgold.net
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.