Majestic GOLD Temporarily Suspends Operations
MAJESTIC GOLD TEMPORARILY SUSPENDS OPERATIONS
Vancouver, British Columbia – February 10, 2026 – Majestic Gold Corp. (“Majestic” or the
“Company”) TSX.V: MJS, FSE: A0BK1D) announces that operations at both its Songjiagou Gold Project
and Mujin Gold Project have been temporarily suspended following notification from the Yantai Emergency
Management Bureau that all gold mining operations in Yantai are required to cease immediat ely. The
suspension has been ordered in response to a serious accident that occurred on February 7, 2026 at an
unrelated third -party mining operation in Zhaoyuan City, Yantai.
The Emergency Management Bureau advised the Company’s subsidiaries, Yantai Zhongjia Mining Co., Ltd.
(“Zhongjia”) and Yantai Mujin Mining Co., Ltd. (“Mujin”), that in addition to the immediate shutdown of
the mine involved in the incident, all other non -involved mining companies in the region, including the
Company, must also suspend production pending further notice. Zhongjia and Mujin have fully cooperated
with the directive and have halted mining operations accordingly. The Company expects to receive an
official written notice from the Emergency Management Bureau outlining the next steps.
The Company will provide further updates regarding the resumption of operations and any additional
relevant information as it becomes available.
The Company also provides a corporate update that it continues its efforts in seeking additional gold property
acquisitions and joint venture opportunities. Management is currently in South Africa attending the Mining
Indaba 2026 and 121 Mining Investment Conferences, where the Company is meeting with potential partners
and other mining companies to advance its strategic growth initiatives.
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
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604 -560-9060
Facsimile: 604-560-9062
Email: [email protected]
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conform these statements to actual results