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MJS.V ·

Majestic Gold Begins Trading on the OTCQX

Listings & Exchange

502-­‐535  Thurlow  Street Vancouver,  B.C.  CANADA  V6E  3L2 Telephone:  604-­‐681-­‐4653 Facsimile:  604-­‐568-­‐4902 Email:  [email protected]

Majestic  Gold  Begins  Trading  on  the  OTCQX    

Vancouver,  British  Columbia,    August  23,  2011  –  Majestic  Gold  Corp.  (TSX.V:  MJS;  OTCQX;   MJGCF)  (“Majestic  Gold  ")      is  pleased  to  announce  it  has  joined  OTCQX,  operated  by  OTC  Markets Group,  the  financial  information  and  technology  services  company  that  operates  the  leading  electronic quotation  and  trading  system  in  the  U.S.  OTC  securities  market.  Majestic  Gold  is  now  trading  under  the ticker  symbol  "MJGCF".

Majestic  Gold  Corp  will  begin  trading  today  on  the  OTC  market's  prestigious  tier,  OTCQX  International. Investors  will  be  able  to  find  current  financial  disclosure  and  Real-­‐Time  Level  2  quotes  for  Majestic  Gold on  www.otcqx.com  or  www.otcmarkets.com.

“Trading  on  the  OTC  market's  highest  tier  will  provide  Majestic  Gold  with  a  cost  effective  way  to facilitate  a  U.S.  presence,"  stated  Majestic  Gold's  President  &  CEO,  Mr.  Rod  Husband.  "The  OTCQX provides  a  superior  trading  platform  for  U.S  based  investors  with  its  transparency,  credibility  and convenience."

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.