Majestic Reports ON Lithium Projects IN Western Australia

MAJESTIC REPORTS ON LITHIUM PROJECTS IN WESTERN AUSTRALIA

Vancouver, British Columbia – December 10, 2021 - Majestic Gold Corp. (“Majestic” or the

“Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce that initial review on the four lithium

tenements near Kalgoorlie in Western Australia has been completed . The Company contracted SRK

Consulting China Ltd. (“SRK”) in Beijing to perform an initial technical review of regional government

geochemical surveys and aeromagnetic and radiometric geophysical survey data, conduct property visits on

all of the properties, and summarize results in a report with recommendations for further work on all the

properties with particular focus on the Leonora and Sir Samuel tenements.

E37/1334 (Leonora)

The Leonora property is located approximately 15 km west of the Leonora townsite, which is 230 km north

of Kalgoorlie via the Goldfields Highway. The Leonora project is covered with Tert iary and Quaternary

alluvium and colluvium. Aeromagnetic data interpretation of the region indicates the tenement to be

underlain by granitoids located near the western boundary of the Leonora Greenstone belt . The regional

geochemical Lithium contour map shows a good regional lithium anomaly through the central portion of

this property, part of a broad northwest trending anomaly in this area. SRK recommends more focused

geochemical and geophysical programs for this property.

E36/918 (Sir Samuel)

The Sir Samuel project is situated at about 450 km north of Kalgoorlie , within the Yakabindie -Mt Keith

ultramafic belt which forms part of the Agnew – Wiluna Greenstone Belt. The property is about 8 kms east

of the newly discovered Kathleen Va lley lithium deposit. The region is characterised by major tectonic

lineaments such as the Mt Keith-Kilkenny structure together with complex folding and faulting. Although

regional geochemical results and results from the six SRK rock samples indicate that lithium potential for

the property is low, the SRK sampling did return anomalous values in Cesium and Lanthanum, indicative of

rare earth element (REE) potential. Despite the low regional lithium values, SRK has recommended further

investigation (geochemical/geophysical surveys) especially in the north area near the contact zone between

greenstone and granite.

The Company is planning to commence a Phase 1 soil sampling program and a ground magnetometer survey

beginning with the Leonora property in early 2022 to follow up on the lithium anomaly outlined by the state

geochemical data.

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

306 - 1688 152nd Street

Surrey, British Columbia

Canada, V4A 4N2

Telephone: 604-560-9060

Facsimile: 604-560-9062

Email: [email protected]

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

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, exploration drilling, reserves and resources, exploitation

activities and events or future operations. Informatio n 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",

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

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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.