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MJS.V ·

Majestic GOLD Resum Es Operations at the Sjg Underground MINE

Corporate Updates

MAJESTIC GOLD RESUM ES OPERATIONS AT THE SJG UNDERGROUND MINE

Vancouver, British Columbia – November 24, 2025 – Majestic Gold Corp. (“Majestic” or the

“Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce that operations have resumed at its

Songjiagou Underground Mine (“SJG Underground Mine”), following the successful renewal of its safety

production permit.

As disclosed in the September 15, 2025 news release, the Company’s operations at the SJG Underground

Mine were temporarily suspended on September 1, 2025 , due to the expiration of its safety production

permit.

On November 20, 2025, the Company’s subsidiary, Yantai Zhongjia Mining Co., Ltd., received its safety

production permit renewal and has subsequently resumed operations at the SJG Underground Mine.

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 Go ld 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

Forward-Looking Information

Certain statements contained herein may constitute forward‐looking statements and are made pursuant to the "safe

harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities

laws. Forward‐looking statemen ts are statements which relate to future events. Such statements include estimates,

forecasts, and statements as to management's expectations with respect to, among other things, business and financial

prospects, financial multiples and accretion estimates , future trends, plans, strategies, objectives, and expectations,

including with respect to production, exploration drilling, reserves and resources, exploitation activities and events

or future operations. Information inferred from the interpretation of d rilling results and information concerning

mineral resource estimates may also be deemed to be forward -looking statements, as it constitutes a prediction of

what might be found to be present when, and if, a project is actually developed.

In some cases, you can identify forward‐looking statements by terminology such as "may", "should", "expects", "plans,

"anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other

comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties

306 - 1688 152nd Street

Surrey, British Columbia

Canada, V4A 4N2

Telephone: 604-560-9060

Facsimile: 604-560-9062

Email: [email protected]

and other factors that may cause our or our industry's actual results, level of activity, performance, or achievements

to be materially different from any future results, levels of activity, performance, or achievements expressed or implied

by these forward‐looking statements.

While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith, and

reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes

materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein.

Except as required by applicable law, Majestic Gold does not intend to update any forward‐looking statements to

conform these statements to actual results