Majestic Gold Corp.

Published : April 23rd, 2010

Greatly Increases Resources at Its Songjiagou Project

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=======================================================================
Re:   News Releases - Friday, April 23, 2010
      Majestic Gold Greatly Increases Resources at Its Songjiagou
      Project
=======================================================================

Vancouver, British Columbia, April 23, 2010 -- Majestic Gold Corp.
(TSX.V:  MJS) ("Majestic") is pleased to announce the results of an
updated resource estimate on its Song Jiagou Project.

The revised resource is:


Method                 Category Tonnes*         Grade Au (g/t)**
Contained oz Au
   
Kriging                 Indicated 24,929,869 1.251                   
1,002,694
Kriging                 Inferred 28,133,107 1.883                   
1,703,174
     
Inverse Distance 2 Indicated 23,665,831 1.280                     
973,919
Inverse Distance 2 Inferred 26,089,673 1.762                   
1,477,970
   
Nearest Neighbour Indicated 21,408,861 1.531                   
1,053,804
Nearest Neighbour Inferred 24,190,043 2.430                   
1,889,879

*Calculations conducted using 0.4g/t cut-off
**Gold grades were capped at 40 g/t

Gold resources were estimated using Gemcom 6.2 software and gold grades
were interpolated into the block model by three methods: ordinary
kriging, inverse distance squared (ID2) and nearest neighbour (NN).  In
all three methods, percent models (percent of a block within the
geological solid) were used. ID2 and NN were used as checks on the
credibility of ordinary kriging.

In 2006, Wardrop Engineering Inc. (Wardrop) prepared a National
Instrument 43-101 (NI 43- 101) compliant, resource estimate of the Song
Jiagou deposit.  On the basis of additional data collected during 2006,
Wardrop prepared an updated estimate in late 2007.  The current report
updates the 2007 Song Jiagou estimate and takes into account assay
results from surface core drilling and trenching that were carried out
since 2007, as well as depletion from surface mining since the time of
the last estimate.  Depletion attributable to underground mining during
the same interval has been negligible.

Mr. Greg Mosher has made an inspection of the cores at site as part of
the due diligence for the updated resource calculation and NI 43- 101
report.

The revised estimate represents in excess of 138% increase in the
tonnage and a 112% increase in contained gold in the Indicated category
and a 15% increase in tonnage in the Inferred category but a 228%
increase in Contained ounces.

"We are extremely encouraged by the results of the revised estimate as
it further supports the theories of our exploration teams over the past
years. We have been extremely fortunate to have had a terrific team of
geologists contribute their knowledge and expertise to this project.
They have been responsible for advancing the project from an
exploration project to its current status." stated Rod Husband,
president of Majestic.  "We look forward to complete the acquisition of
the remaining interest in the project and execute our plans to expand
on the current mining operations and confirm the economics of this
project."  

Majestic is aggressively pursuing a pre-feasibility study with Wardrop
Engineering with the goal to expand the operation from the current
1,400 tonnes per day open pit and underground operation to at least a
5,000 tonnes per day open pit operation.

More detailed information concerning the revised resource can be found
in the 2010 Technical Report on the Song Jiagou Property to be posted
at www.sedar.com.  A summary of significant information added to the
database since the 2007 estimate can be found on the Company's website
at www.majesticgold.net.

The geological and technical information contained in this news release
has been reviewed and approved by Greg Mosher, P. Eng, of Wrdrop
Engineering, and Mike Hibbitts, P.Geo., who are qualified persons under
the definitions established by National Instrument 43-101.

On Behalf of the Board of Directors
MAJESTIC GOLD CORP.

Signed "Rod Husband"

Rod Husband, P.Geo
President

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

=======================================================================
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 Fri Apr 23, 2010 at 9:42:10 AM Pacific Time
=======================================================================
.

Majestic Gold Corp.

DEVELOPMENT STAGE
CODE : MJS.V
ISIN : CA5609121077
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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$ 41.1 millions as of today (US$ 32.8 millions, € 28.8 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.

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Annual reports of Majestic Gold Corp.
2008 Annual report
Nominations of Majestic Gold Corp.
10/29/2013Appoints New Directors, Adopts Advance Notice Policy
3/12/2013Appoints New Chief Financial Officer and Director
12/23/2009Appoints Vice President Development and Exploration
12/22/2009Appoints New Director
9/19/2008APPOINTS DAN PISENTI TO BOARD OF DIRECTORS
11/1/2007 APPOINTS MINE GEOLOGIST & GENERAL MANAGER FOR SONG JIAGOU
Project news of Majestic Gold Corp.
1/20/2011(Song Jiagou)Wardrop Delivers Positive Preliminary Assessment for Songjia...
4/15/2010(Song Jiagou)Provides Update on Song Jiagou Property
9/5/2008(Song Jiagou)ANNOUNCES SIGNIFICANT TRENCH RESULTS AT SONG JIAGOU
1/10/2008(Sawayaerdun) ENGAGES FIRM FOR TECHNICAL REPORT AND BEGINS YEAR ROUND ACC...
1/3/2008(Sawayaerdun) ANNOUNCES HIGH GRADE SAMPLE AT SAWAYAERDUN
10/4/2007(Song Jiagou)Outlines 2007 Program For Song Jiaguo
Corporate news of Majestic Gold Corp.
1/29/2016Majestic Gold Corp. Reports 2015 Annual Results And Option G...
1/27/2016Majestic Gold Corp. Files Amended Technical Report
12/22/2015Majestic Gold Corp. Clarifies Disclosure Following Bcsc Revi...
8/28/2015Majestic Gold Corp. Reports 2015 Third Quarter Results
8/13/2015Shareholder Update
8/21/2013(Song Jiagou)Files NI43-101 Report on Updated Preliminary Economic Assess...
7/29/2013Completes Swap of Equity for Net Profits Interest
7/8/2013(Song Jiagou)SRK Delivers Updated Preliminary Economic Assessment for Son...
6/27/2013Announces Agreement to Swap Net Profits Interest for Equity ...
3/28/2013Contracts VantageWire for Marketing and Advertising Services
2/19/2013First Quarter Gold Production
2/1/2013Corporate Update
4/27/2011Provides Update on Mill Construction
4/23/2010Greatly Increases Resources at Its Songjiagou Project
2/25/2010 Announces Agreement to Acquire Remaining 40% of Muping Join...
1/27/2010Announces Resignation of Director and Establishes Board Comm...
11/15/2007 COMMENCES BULK SAMPLING PROGRAM AT SONG JIAGOU
10/18/2007Increases Ounces By 285% TO 1.2 MILLION OUNCES AT SONG JIAGO...
2/16/2007RELEASES UNDERGROUND DRILL RESULTS AT SONG JIAGOU
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