Majestic Gold Appoints Controller
502-‐535 Thurlow Street Vancouver, B.C. CANADA V6E 3L2 Telephone: 604-‐681-‐4653 Facsimile: 604-‐568-‐4902 Email: [email protected]
Majestic Gold Appoints Controller
Vancouver, British Columbia, September 14, 2011 – Majestic Gold Corp. (TSX.V: MJS; OTCQX; MJGCF) (“Majestic Gold ") is pleased to announce Mr. David Chen as Controller for Majestic Gold.
Mr. Chen is a Certified General Accountant in Canada and a Certified Accountant in China. He holds an Honours Bachelor of Commerce degree and Master of Business Administration degree from Laurentian University in Canada. Mr. Chen possesses sound knowledge in IFRS, Canadian GAAP, and Chinese GAAP. He has over 17 years of experience in financial reporting and management and financing for public and private companies including experience leading financial reporting for mergers and acquisitions. Mr. Chen lead the financial reporting team and played a key role in the success in the China Gold International Resources Corp(“China Gold”). China Gold was the first TSX listed gold mining company to achieve dual primary listing on the Hong Kong Stock Exchange with IPO proceeds of approximately US$309 million and an acquisition of a large cooper-‐gold poly-‐ metallic mine in 2010.
“We are delighted to have Mr. Chen join our team and look forward to his contribution to assist in the further development of the Company and its flagship Song Jiagou property “ stated Mr. Rod Husband, President & CEO of Majestic Gold.
In addition the Company is pleased to announce that it has approved the grant of incentive stock options exercisable to purchase up to 30,000,000 common shares of Majestic Gold at a price of 0.20 cents per share to directors, officers and consultants of the Company and its subsidiaries. The options will be exercisable until September 14, 2016 subject to earlier termination in accordance with their terms and Majestic Gold’s stock option plan. The option grant is subject to acceptance for filing by the TSX Venture Exchange.
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Signed "Rod Husband"
Rod Husband, P.Geo President
Contact:
Investor Relations: (604) 681-‐4653 or 1-‐866-‐282-‐8398 Email: [email protected] or visit our Website: www.majesticgold.net
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.