Majestic’S Hkex-Listed Subsidiary Persistence Completes HK$472 Million Private Placement
MAJESTIC’S HKEX-LISTED SUBSIDIARY
PERSISTENCE COMPLETES HK$472 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia – October 14, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”)
(TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its Hong Kong Stock Exchange (“HKEX”) listed
subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has completed a private
placement financing (the “Private Placement”) for gross proceeds of $ 472 million (approximately CAD$85.2
million)(“Placement”).
Pursuant to the Placement, Persistence issued 400 million common shares (the “Shares”) at a price of HK$1.18
per Share (approximately CAD$0.21 3 per Share) on the HKEX. The Share price of HK$1.18 represents a
discount of approximately 19.2% to the closing price of HK$1.46 per Share (approximately CAD$0.26 2 per
Share) as quoted on the HKEX on the date of the placing agreement; and a discount of approximately 18.5%
to the average closing price of approximately HK$1.448 per Share (approximately CAD$0.259 per Share) as
quoted on the HKEX for the last five consecutive trading days prior to the date of the placing agreement.
In connection with the private placement, Persistence will pay aggregate placing agents’ commissions of
HK$5,244,719 (approximately CAD$946,975), representing 1.1% of the gross proceeds. The commissions
will be paid to Huafu International Securities Limited, Forthright Securities Company, and First Shanghai
Securities Limited as placing agents.
The Shares represent approximately 20.0% of the total issued and outstanding shares of Persistence as of the
date of this announcement and approximately 16.7% of the enlarged total number of issued shares upon
completion of the Placement.
Persistence intends to use the estimated net proceeds of the Placement primarily for (i) potential gold mine
project acquisitions; (ii) acceleration of its business expansion; and (iii) general working capital and other
general corporate purposes.
About Majestic Gold
Majestic Gold Corp. , 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 . Additional
information on the Company and its projects is available at www.sedarplus.ca and on the Company’s website
at www.majesticgold.com.
For further information, please contact:
James Mackie, CFO and Corporate Secretary
Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com
Cautionary Notes
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]
Certain statements contained herein may constitute forward‐looking statements and are made pursuant to the "safe
harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws.
Forward‐looking statemen ts are statements which relate to future events. Such statements include estimates,
forecasts, and statements as to management's expectations with respect to, among other things, business and
financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives, and
expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities
and events or future operations. Information inferred from the interpretation of drilling results and information
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