Songjiagou Mining License Renewed to 2031
SONGJIAGOU MINING LICENSE RENEWED TO 2031
Vancouver, British Columbia – June 11, 2020 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V:
MJS, FSE: A0BK1D) is pleased to announce that its operating subsidiary, Yantai Zhongjia Mining Co.
Ltd.(“Zhongjia”), has secured the renewal of its mining license for the Songjiagou Gold Mine (“Songjiagou”) with
the Yantai Natural Resource and Planning Bureau until May of 2031.
“The renewal ensures the sustainability of operations at Songjiagou for over a decade while at the same time
positioning the Company for future production growth both on site and externally,” said the Company’s president,
Stephen Kenwood.
The mining license covers essentially the same area of almost 0.6 square kilometers and from +150 down to minus
400 meters above sea level.
Songjiagou has been operating normally throughout the Covid19 pandemic, with the Zhongjia’s operations resuming
on schedule following the Chinese New Year celebrations.
Stephen Kenwood, P. Geo., a Director of Majestic, is the Qualified Person within the context of National Instrument
43-101 and has read and approved this news release.
About Majestic Gold
Currently focused solely 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]
FORWARD LOOKING INFORMATION
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future events or future performance. The use of the word, “will” and similar expressions and statements relating to
matters that are not h istorical facts are intended to identify forward -looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results
may differ materially. In particular, this news release contains forward-looking information relating to the anticipated
date for filing the annual financial statements for the year ended December 31, 2019 and related management's
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