Majestic Gold Resumes Operations at the SJG Underground Mine

(TheNewswire)

Vancouver, British Columbia – TheNewswire - November 24, 2025 – Majestic Gold Corp.(“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D)is pleased to announce that operations have resumed at its SongjiagouUnderground Mine (“SJG Underground Mine”), following thesuccessful renewal of its safety production permit.

As disclosed in the September 15, 2025 news release, the Company’soperations at the SJG Underground Mine were temporarily suspended onSeptember 1, 2025, due to the expiration of its safety productionpermit.

On November 20, 2025, the Company’s subsidiary, Yantai ZhongjiaMining Co., Ltd., received its safety production permit renewal andhas subsequently resumed operations at the SJG Underground 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 hereinmay constitute forward?looking statements and are made pursuant tothe "safe harbor" provisions of the United States PrivateSecurities Litigation Reform Act of 1995 and Canadian securities laws.Forward?looking statements are statements which relate to futureevents. Such statements include estimates, forecasts, and statementsas to management's expectations with respect to, among otherthings, business and financial prospects, financial multiples andaccretion estimates, future trends, plans, strategies, objectives, andexpectations, including with respect to production, explorationdrilling, reserves and resources, exploitation activities and eventsor future operations. Information inferred from the interpretation ofdrilling results and information concerning mineral resource estimatesmay also be deemed to be forward-looking statements, as it constitutesa prediction of what might be found to be present when, and if, aproject is actually developed.

In some cases, you can identifyforward?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. Thesestatements are only predictions and involve known and unknown risks,uncertainties and other factors that may cause our or ourindustry's actual results, level of activity, performance, orachievements to be materially different from any future results,levels of activity, performance, or achievements expressed or impliedby these forward?looking statements.

While these forward?lookingstatements, and any assumptions upon which they are based, are made ingood faith, and reflect our current judgment regarding the directionof our business, actual results will almost always vary, sometimesmaterially, from any estimates, predictions, projections, assumptions,or other future performance suggestions herein. Except as required byapplicable law, Majestic Gold does not intend to update anyforward?looking statements to conform these statements to actualresults

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