Majestic Announces Appointment of New Board Member

MAJESTIC ANNOUNCES APPOINTMENT OF NEW BOARD MEMBER

Vancouver, British Columbia –March 13, 2023 - Majestic Gold Corp. (“Majestic” or the “Company”)

(TSX.V: MJS, FSE: A0BK1D) announces the appointment of D r. Chengliang Jiang as an independent

director to its Board of Directors.

Dr. Jiang has over 25 years of experience involved in chemical and mining engineering and is currently the

Director of Technical Applications , with Enzymatic Deinking Technologies , as a leader in their

commercializing of new technologies and products.

Dr. Jiang holds Master of Science degrees in both Mining Engineering and Chemical Engineering in addition

to a PH. D in Mining Engineering from the University of Kentucky, as well as a Master of Science degree in

Mineral Processing from Beijing General Research Institute of Mining and Metallurgy, and a B achelor of

Science degree in Minerals Processing from Xi’an University

Lead Director Mr. John Campbell welcomes Dr. Jiang to the Board, stating that D r. Jiang’s extensive

knowledge and experience in mining and chemical engineering will make him a valuable addition to the

Board.

On behalf of the Board of Directors of Majestic Gold Corp.

“Stephen Kenwood”

President and CEO

Telephone: (604) 560-9060

Email: [email protected]

Website: www.majesticgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

306 - 1688 152nd Street

Surrey, British Columbia

Canada, V4A 4N2

Telephone: 604-560-9060

Facsimile: 604-560-9062

Email: [email protected]