Majestic Gold Temporarily Suspends Operations

(TheNewswire)

Vancouver, British Columbia –February 10, 2026  – TheNewswire - Majestic GoldCorp. (“Majestic” or the “Company”) TSX.V: MJS, FSE:A0BK1D) announces that operations at both its Songjiagou Gold Projectand Mujin Gold Project have been temporarily suspended followingnotification from the Yantai Emergency Management Bureau that all goldmining operations in Yantai are required to cease immediately. Thesuspension has been ordered in response to a serious accident thatoccurred on February 7, 2026 at an unrelated third-party miningoperation in Zhaoyuan City, Yantai.

The Emergency Management Bureau advised the Company’ssubsidiaries, Yantai Zhongjia Mining Co., Ltd. (“Zhongjia”) andYantai Mujin Mining Co., Ltd. (“Mujin”), that in addition to theimmediate shutdown of the mine involved in the incident, all othernon-involved mining companies in the region, including the Company,must also suspend production pending further notice. Zhongjia andMujin have fully cooperated with the directive and have halted miningoperations accordingly. The Company expects to receive an officialwritten notice from the Emergency Management Bureau outlining the nextsteps.

The Company will provide further updates regarding theresumption of operations and any additional relevant information as itbecomes available.

The Company also provides a corporate updatethat it continues its efforts in seekingadditional gold property acquisitions and joint venture opportunities.Management is currently in South Africa attending the Mining Indaba2026 and 121 Mining Investment Conferences, where the Company ismeeting with potential partners and other mining companies to advanceits strategic growth initiatives.

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

Copyright (c) 2026 TheNewswire - All rights reserved.