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MJS.V ·

Majestic Gold Announces Withdrawal of Director Nominations

Corporate Updates

Majestic Gold Announces Withdrawal of Director Nominations

Vancouver, British Columbia – August 27, 2026 – Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (the “Company”)

announces that Mr. Fan Zhong Kong has withdrawn his advance notice of director nominations dated June 25, 2026 in

connection with the upcoming annual general meeting of shareholder s of the Com pany, sc heduled to be held on

September 22, 2026. The withdrawal follows the Comp any’s announcement on August 11, 2026 regarding the

discontinuance of court proceedings between the Company and Mr . Kong, and the parties’ intention to move forward

constructively and continue working together in connection with Yantai Zhongjia Mining Co., Ltd.

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]

Website: www.majesticgold.com

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the date of the Company’s

annual general meeting of shareholders and the futur e working relationship between the Company and Mr. Kong.

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 ma terially from those expressed or implied. Readers should

not place undue reliance on forward- looking informati on. The Company undertakes no obligation to update such

information except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Servic es Provider accepts responsibility for the ade quacy or

accuracy of this release.