Majestic Gold Announces Resumption of Operations at DGZ Mine

(TheNewswire)

Vancouver, British Columbia –September 26, 2025 – TheNewswire - Majestic GoldCorp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE:A0BK1D) is pleased to announce that operations at its DenggezhuangUnderground Mine (the “DGZ Mine”) in Muping District, Yantai City,Shandong Province, have resumed following regulatory approval.

As disclosed in Majestic’s news release dated July 28, 2025,production at the DGZ Mine was suspended after a workplace accidentthat resulted in a fatality. The Emergency Management Department andSafety Supervision Administration (“EMD & SSA”) ordered the suspension to allow for investigation andrectification measures.

During the suspension period, the Company and its operatingsubsidiary, Yantai Mujin Mining Co. Ltd. (“Yantai Mujin”),implemented comprehensive self-inspection and corrective measures inaccordance with regulatory requirements. Under order of the EMD &SSA, the Emergency Management Bureau of Muping District, subsequentlyconducted detailed reviews and inspections of the DGZ Mine.

On September 26, 2025, Yantai Mujin received the “Safety ProductionAdministrative Enforcement Document – Rectification Review Opinion((Lu Yan Mu) Emergency Review (2025) No. 138)” issued by theEmergency Management Bureau, confirming that all requiredrectifications had been completed and granting approval for the DGZMine to resume operations. Accordingly, Yantai Mujin has immediatelyresumed mining operations at the DGZ Mine.

About Majestic Gold Corp.

Majestic Gold Corp., a British Columbia based company,is a low-cost junior gold producer engaged in commercial goldproduction in eastern Shandong Province, China, with mining operationsat its Songjiagou Gold Mines, its flagship project, and the Mujin GoldProject. Additional information on the Company and its projects isavailable at www.sedarplus.ca and on theCompany’s website at www.majesticgold.com .

For further information, please contact:

James Mackie, Chief Financial Officer & CorporateSecretary

Telephone: (604) 560-9060

Email: info@majesticgold.com

www.majesticgold.com

Forward-Looking Information

Certain statements contained in thisnews release constitute “forward-looking information” within themeaning of applicable Canadian securities legislation. Forward-lookinginformation is based on the expectations, estimates, and projectionsof management at the time such statements are made and involves anumber of known and unknown risks, uncertainties, and other factorsthat could cause actual results to differ materially from thoseanticipated. Forward-looking information in this release includes, butis not limited to, statements regarding the impact of the temporarysuspension of production at the DGZ Mine on the financial results ofthe Company.

Factors that could cause actualresults to differ materially from those described in suchforward-looking information include, but are not limited to:regulatory approvals; operating risks inherent in the mining industry;environmental risks; labour and community relations; changes in lawsor regulations; fluctuations in commodity prices; and general businessand economic conditions.

Readers are cautioned not to placeundue reliance on forward-looking information. The Company undertakesno obligation to update or revise any forward-looking informationexcept as required by applicable securities laws.

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