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Re: News Releases - Tuesday, January 26, 2010
Majestic Gold Announces Resignation of Director and Establishes
Board Committees
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Vancouver, British Columbia, January 26, 2010 -- Majestic Gold Corp.
(TSX.V: MJS) announces that Alexander Korelin resigned from its board
of directors on January 25, 2010, with immediate effect.
The board has four members following his resignation: Rod Husband,
Shaohui Chen, Daniel Pisenti, and Rudy Brauer.
Al Korelin stepped down as director after assisting the Company in
seeking out well-qualified directors with years of experience in
financing and mining.
Rod Husband, President and CEO stated, "We appreciate the service
rendered by Al over the past years and his desire for the success of
the Company."
The new board has appointed an Audit Committee for the ensuing year,
consisting of Daniel Pisenti as Chair, Rudy Brauer, and Rod Husband.
The board also established a Compensation Committee, a Corporate
Governance Committee, and a Nomination Committee.
Majestic Gold Corp. is an advanced stage gold exploration company with
two projects in China. The Company currently is focused on its gold
project (which contains 1.2 million ounces in a 43-101 compliant
resource) located in the prolific gold region of Song Jiagou in eastern
Shandong Province. This project has had resource estimates prepared
and an exploration program is well underway as the Company works to
rapidly advance this project toward production.
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Signed "Rod Husband"
Rod Husband, P.Geo.
President and CEO
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@majesticgold.net or visit our Website: www.majesticgold.net
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2010 MAJESTIC GOLD CORP. (MJS) All rights reserved. For
more information visit our website at http://www.majesticgold.net/ or
send mailto:info@majesticgold.net
Message sent on Tue Jan 26, 2010 at 3:33:39 PM Pacific Time
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Majestic Gold Corp.
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DEVELOPMENT STAGE |
CODE : MJS.V |
ISIN : CA5609121077 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Majestic Gold is a gold exploration company based in Canada. Majestic Gold holds various exploration projects in China. Its main asset in development is SONG JIAGOU in China and its main exploration property is SAWAYAERDUN in China. Majestic Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 68.4 millions as of today (US$ 49.9 millions, € 46.6 millions). Its stock quote reached its highest recent level on March 14, 1997 at CA$ 2.00, and its lowest recent point on September 04, 2009 at CA$ 0.02. Majestic Gold has 912 270 016 shares outstanding. |