Majestic GOLD Corp. Reports Suspension of Dgz MINE
MAJESTIC GOLD CORP. REPORTS SUSPENSION OF DGZ MINE
Vancouver, British Columbia – July 28, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V:
MJS, FSE: A0BK1D) regrets to report that a hanging wall accident occurred at its Denggezhuang Underground Mine
(the “DGZ Mine”) of Yantai City Mujin Mining Company Limited (“Yantai Mujin”), a subsidiary of the Company.
The incident involved a worker who was struck by loose rock while performing risk removal operation s. Despite
immediate rescue efforts, the worker succumbed to their injuries.
Following the incident, the Shandong Provincial Emergency Management Department and Shandong Bureau of the
State Mine Safety Supervision Administration (“EMD & SSA”) ordered the suspension of production, rectify the
situation and temporarily withhold the relevant licenses of the DGZ Mine. In addition, an accident investigation team
must immediately be established to determine the cause and nature of the accident, investigate the responsibility of
the on-site management, and evaluate the direct economic losses of the accident, . The team will jointly review the
remediation measures undertaken by Yantai Mujin before authorizing the resumption of operations at the DGZ Mine.
While Yantai Mujin is currently waiting for the Work -Related Injury Adjudication Determination Notice issued by
the Yantai Muping District Human Resources and Social Security Bureau to ascertain the final judgement of the
accident, the Company will continue to work closely with Yantai Mujin to fully cooperate with the ongoing
investigation led by the EMD & SSA . The Company is committed to implementing all necessary safety measures,
addressing potential hazards, and ensure that all on-site safety management and supervision are in place.
The Company’s management and its Board of Directors e xtend their deepest condolences to the family, friends, and
colleagues of the deceased worker and is offering all possible support to those affected during this difficult time.
About Majestic Gold Corp.
Majestic Gold Corp., a British Columbia based company, is a low -cost junior gold producer engaged in commercial
gold production in eastern Shandong Province, China, with mining operations at its Songjiagou Gold Mines, its
flagship project, 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
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.
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]