Majestic Completes Village Relocation Construction
MAJESTIC COMPLETES VILLAGE RELOCATION CONSTRUCTION
Vancouver, British Columbia – September 18, 2019 - Majestic Gold Corp. (“Majestic” or the
“Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce the completion of construction work on
six residential apartment buildings in proximity to th e company’s Songjiagou gold mining operation in
Shandong Province, China.
Residents of the nearby villages of Songjiagou and Fayunkang have unanimously agreed to take up residence
in the new condominiums which are located approximately two kilometers from the mine site. The
residential complex is comprised of six buildings with sufficient capacity for up to 280 families who, after
relinquishing their village leases, will retain access to their farmland in return for a 75 -year condominium
lease.
A third village was relocated several years ago to facilitate construction of the tailings disposal site located
south of the Company’s Songjiagou mining operation.
The relocation plan became necessary when the size of the Songjiagou mine license was increased in 2015
by almost 75% from 0.342 to 0.594 km² to facilitate ongoing operations and the potential expansion of
surface mining activities in the future.
“This is a milestone project for the Company and the two communities adjoining our Songjiagou mine site,”
said Majestic Gold president, Steve Kenwood. “In addition to meeting our corporate responsibilities to these
two villages, we have secured our future as a significant gold producer and contributor to the local economy.”
The construction program was completed under budget at $US14.4 million and includes six five -story
buildings aggregating 19,944 square metres in total. Each residentia l building includes four living units on
each level averaging approximately 80 square metres each.
The modern five -story frame buildings are constructed with load- bearing beams and columns made from
reinforced concrete, with precast hollow concrete and other lightweight materials utilized for partition walls.
The fully-serviced buildings include appliances, central heating, recreation rooms, child playgrounds and
other modern amenities including elevators, air conditioning and parking lots. Each household is equipped
with a garage on the ground floor of the residential building in addition to a 10 square metre storage room.
All construction was completed in accordance with national standards and approved following inspection by
competent government authorities.
The two villages are situated in close proximity to the active open pit at Songjiagou and are currently home
to about 240 families who are sustained by agriculture, primarily apple orchards. In the past, Shandong
Province has accounted for approximat ely 22% of Chinese apple production, ranking it the second largest
producer in the country. In addition to subsistence agriculture, some of the villagers work under contract at
the Songjiagou gold mine.
Officials from the Company have maintained a close relationship with representatives from the "New Village
Relocation Construction Program," a government program that has encouraged the upgrading and
modernization of housing for local residents. In the past, villagers were generally housed in self -built
accommodation constructed from brick and stone tiles, with yard space for livestock and other domestically-
grown food sources.
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]
For additional information including digital images of the condominium complex, please visit our website
at www.Majesticgold.com.
Stephen Kenwood, P. Geo., a Director of Majestic, is the Qualified Person within the context of National
Instrument 43-101 and has read and approved this news release.
About Majestic Gold
Currently focused solely in China, Majestic Gold Corp. is a British Columbia based company 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.sedar.com and on the Company’s website
at www.majesticgold.com.
For further information, please contact:
Stephen Kenwood, P.Geo., President and CEO
Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com
Cautionary Notes
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 statements 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 concerning mineral re source estimates may also be deemed to be forward ‐looking statements, as it
constitutes a prediction of what might be found to be present when, and if, a project is actually developed.
In some cases, you can identify forward‐looking statements by terminol ogy such as "may", "should", "expects",
"plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or
other comparable terminology. These statements are only predictions and involve known and unknow n risks,
uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance
or achievements to be materially different from any future results, levels of activity, performance, or achievements
expressed or implied by these forward‐looking statements.
While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions or other future performance
suggestions herein. Except as required by applicable law, Majestic Gold does not intend to update any forward‐
looking statements to conform these statements to actual results.