Majestic Provides Corporate Update
MAJESTIC PROVIDES CORPORATE UPDATE
Vancouver, British Columbia – April 24, 2023 - Majestic Gold Corp. (“Majestic” or the “Company”)
(TSX.V: MJS, FSE: A0BK1D) will release its 2022 fourth quarter and annual results on Friday April 28,
2023, after markets close.
The Company would like to provide a further update on the application for listing of shares of the Company’s
subsidiary, Persistence Resources Group Ltd (“PRG”) on the Main Board of the Stock Exchange of Hong
Kong Limited (the “HKEX”). As at the date of this news release, PRG, together with its sponsor and legal
advisors are still in the process of replying to enquires from the HKEX and the Securities and Future
Commission of Hong Kong (the “SFC”). Due to the time required in replying to such queries, PRG’s initial
listing application has lapsed and the Company expects to file a renewal application during May 2023.
The Company would also like to address that the HKEX and SFC have strict listing and re gulatory
requirements that companies must meet to be approved for listing. These requirements include financial
reporting standards, corporate governance practices, and other compliance-related matters. The due diligence
process is extensive and thorough, and delays and rejections are not uncommon. The Company will continue
to provide updates to its investors and other interested parties as more information becomes available.
About Majestic Gold
Currently focused in China, Majestic Gold Corp. is a British Columbia based company engaged in
commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional
information on the Company and its projects is available at www.sedar.com and on the Company’s website
at www.majesticgold.com.
For further information, please contact:
Stephen Kenwood, P.Geo., President and CEO
Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: [email protected]
Cautionary Notes
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 statements 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, e xploration drilling, reserves and resources, exploitation activities and events or future
operations. Information inferred from the interpretation of drilling 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
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.