Majestic GOLD and FAN Zhong Kong Agree to Discontinue Court Proceedings
MAJESTIC GOLD AND FAN ZHONG KONG AGREE
TO DISCONTINUE COURT PROCEEDINGS
Vancouver, British Columbia – August 11, 2026 – Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D)
(the “Company”) announces that the Company and Mr. Fan Zhong Kong have agreed to discontinue the
previously announced court proceedings.
During recent discussions, the Company provided Mr. Kong with further information regarding Majestic’s
business strategy, including the rationale for its recent financing and its plans to pursue opportunities
intended to diversify and strengthen the Company’s operations. These discussions provided the parties with
a clearer understanding of the Company’s strategic objectives and the concerns raised by Mr. Kong.
The Company and Mr. Kong believe that discontinuing the proceedings is in the best interests of the
Company and its stakeholders. The parties intend to move forward constructively and continue working
together in connection with Yantai Zhongjia Mining Co., Ltd. (“Zhongjia”), the joint venture entity between
Majestic and Yantai Dahedong Processing Co., Ltd. (“Dahedong”).
“We are pleased that the parties have been able to resolve this matter and bring the court proceedings to an
end,” said Stephen Kenwood, President and Chief Executive Officer of Majestic. “We look forward to
maintaining a constructive working relationship with Mr. Kong and Dahedong through Zhongjia, while
remaining focused on the operation and development of the Company’s assets and the pursuit of its broader
business strategy.”
The parties have filed a consent dismissal order. Once entered by the Court, the order will formally end the
Court proceedings.
About Majestic Gold Corp.
Majestic Gold Corp. is a junior gold producer engaged in commercial gold production in eastern Shandong
Province, China, with mining operations at its Songjiagou Gold Mines and the Mujin Gold Project.
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, Chief Financial Officer & Corporate Secretary
Telephone: (604) 560-9060
Email: [email protected]
www.majesticgold.com
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]
Forward-Looking Information
This news release contains forward-looking information, including statements regarding the parties’ future
working relationship, the Company’s business strategy, the pursuit of diversification opportunities and the
operation and development of the Company’ s assets. Forward -looking information is based on
management’s current expectations and assumptions and is subject to risks and uncertainties that may cause
actual results to differ materially from those expressed or implied. Readers should not place undue reliance
on forward-looking information. The Company undertakes no obligation to update such information except
as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.