Songjiagou North Underground Mining License Renewed and Update ON Cautionary Safety Inspections
SONGJIAGOU NORTH UNDERGROUND MINING LICENSE RENEWED
AND UPDATE ON CAUTIONARY SAFETY INSPECTIONS
Vancouver, British Columbia – April 1, 2021 - 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 Songjiagou North Underground mining license until February of 2031.
The mining license covers essentially the same area of almost 0.414 square kilometers and from +142 down to minus
270 meters above sea level.
The Company would also like to provide an update on its March 1, 2021 news release announcing the mandated
closure by the Shangdong Provincial Government of all non- coal operations in the province pending governmental
cautionary safety inspections. The Company is pleased to report the safety inspections have commenced at Songjiagou
Gold Mine with inspectors arriving onsite on March 31, 2021. The Company anticipates the onsite safety inspection
process will take several weeks which will then be followed by an application process approving Zhongjia to resume
its full operations. The Company is optimistic that Songjiagou Gold Mine will be back to normal operations by early
June.
Majestic has operated the Songjiagou open pit and underground gold mine accident -free since commencing
production. The Company also confirms that its safety permits for its open pit and underground mines are both in good
standing.
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
Certain statements contained in this press release constitute forward -looking information. These statements relate to
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
discussion and analysis.
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and factors are based on information currently available to the Company. The forward-looking information contained
in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking
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