Majestic Reports ON Leonora Property IN Western Australia

MAJESTIC REPORTS ON LEONORA PROPERTY IN WESTERN AUSTRALIA

Vancouver, British Columbia – May 2, 2022 - Majestic Gold Corp. (“Majestic” or the “Company”)

(TSX.V: MJS, FSE: A0BK1D) is pleased to announce that a reconnaissance soil geochemical sampling

program has been completed on the Leonora tenement , located approximately 15 km west of the Leonora

townsite, which is 230 km north of Kalgoorlie in Western Australia. This initial phase of work was designed

to follow up on results from a regional state-wide geochemical program that identified a northwest trending

lithium anomaly that passes through the central portion of the tenement. The exploration target is interpreted

to be at or near the contact zone of granitoids on the west and greenstone s on the west limb of the Leonora

Anticline.

The project area is mostly covered by Tertiary and Quaternary alluvium and colluvium, and the depth of

which is thought to be 5- 15 metres over most the area. A wide-spaced grid comprised of s even east-west

lines spaced 200 metres apart were sampled on 100 metre stations, collecting a total of 62 samples using an

auger to drill to about 50 cm holes and collect samples from the bottom of each hole. Results from this

program confirm a northwest trending lithium anomaly coincident with elevated rubidium and potassium in

the southwestern portion of the grid. Samples returned up to 24.3 ppm lithium, 70.5 ppm rubidium, and

1.35% potassium, confirming the results from the state government regional survey.

The Company intends to follow up this program with a phase 2 program consisting of closer spaced grid

geochemical sampling and a ground magnetometer survey in order to better define targets for a possible

phase one drill program.

All sample sites were established and recorded using a GPS control . Samples were taken as B -C horizon

soils, varying from about 50 cm below surface . Approximately 300 gm of the material was placed in a

numbered Kraft paper geochemical bags that were then collected in polyweave bags for protection while

being transported to the laboratory. Samples were transported to Intertek Genalysyis in Perth, Western

Australia for multielement analysis via 4A/MS48R techniques.

Qualified Person Statement

Stephen Kenwood, P.Geo., a director of Majestic Gold Corp., is a Qualified Person within the context of

National Instrument 43-101 (NI 43-101) and has read and approved this news release.

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.