Majestic Announces Passing of Chairman Gengshu Miao

MAJESTIC ANNOUNCES PASSING OF CHAIRMAN GENGSHU MIAO

Vancouver, British Columbia –August 6, 2019 - Majestic Gold Corp. (“Majestic” or the “Company”)

(TSX.V: MJS, FSE: A0BK1D) announces with sadness that its Chairman, Gengshu Miao has passed away.

On behalf of its Board of Directors, management and employees, the Company extends its deepest

sympathies to Mr. Miao’s family and thanks him for his dedication to the Company.

Mr. Miao was a trusted advisor and provided strong leadership and counsel since joining Majestic’s Board

of Directors in January 2013.

Mr. Miao was the President of the China Council for International Investment Promotion as well as the

chairman of China National Foreign Trade Transportation (Group) Corporation, a supervisor of Industrial

and Commercial Bank of China Limited, the chairman representing the Chinese side in the Sino -Brazil

Business Council and a vice chairman of China International Trade Society. Mr. Miao has also served as

President of China Minmetals Corp., as well as holding former appointments that included senior

management positions with Shanghai Metals and Minerals Import and Export Cooperation, Vice Director of

the Shanghai Foreign Economic and Trade Commission, and Chairman of Sinotrans & CSC Holdings Co.

Ltd.

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]