Vancouver, British Columbia, September 23rd, 2010 � �Majestic Gold Corp� or the �Company�. (TSX.V: MJS) (�Majestic�) ") is pleased to provide shareholders with an update on corporate activities.

Milestones achieved 2010 Year to date:

• Increase of resources to 24.9 Mi tonnes @ 1.25 g/t (1,002,694 oz Au) indicated and 28.1 Mi tones @ 1.883 g/t (1,703,174 oz Au) inferred
• Agreement to Acquire remaining 40% interest in Song Jiagou mining project (agreed, approved and closed)
• Continued mining operations since January � total of 4,265 ounces of gold with an average sale price of USD $1,170 per ounce (revenues of ~ $5 million) to August 31, 2010
• Transfer of mining license to JV Co and revised corporate structure approved by Chinese government
• Second installment of RMB 15,000,000 (approximately $2,100,000) from sale of Sawayaerdun received in China

The Company has continued to focus its efforts on the development of the Song Jiagou mining property, increasing tonnage by excess of 138% increase and a 112% increase in contained gold,and a 15% increase in tonnage in the Inferred category but a 228% increase in contained gold.

In addition, the Company received TSX approval to proceed with the agreement to increase its interest in Yantai Zhongia Mining Enterprise (�Yantai�) from 54% to 94%.  The Company recently completed the issuance of the shares to the vendors.

Pursuant to the same agreement, the Company has received all required approvals for the transfer of the mining license to Yantai and the revisions to the corporate structure.  This is a very significant milestone as it allows for Yantai to officially mine, process, and sell gold within China..

Further to its agreement to acquire the remaining interest in the project, the Company and its mining contractor have been operating test mining at an average rate of over 1,150 tons per day since January 2010 at Song Jiagou. As of August 31 of this year the Company has produced 4,265 ounces of gold with an average sale price of USD $ 1,170 per ounce.

With initial production underway at Song Jiagou, the Company and its mining contractor partner, have been developing plans to increase the size of its processing facilities including a mill, tailings storage facility, new tailings line, water and power supply in anticipation of increasing its production to approximately 7,500 tonnes per day.

The new mill is designed to produce 6,000 tonnes per day in addition to the existing capacity. Simultaneously, the Company is building new tailings storage facilities capable of containing the current resources as well as providing additional capacity for future expansion.  Construction of the mills and concentrator has moved ahead with break-neck speed -- 40% of the steel and concrete form has been completed within the period of two and a half months.

With revenues to date of over USD $5,000,000 and well advanced mine expansion plans, the Company will move its engineering studies forward as quickly as possible in order to maintain the shortest timelines possible to fully develop Song Jiagou.

In addition to the developments at Song Jiagou, the Company has received the second installment from the sale of its Sawayaerdun project (see Sept 18, 2009 news release).  The Company continues to work with its legal counsel to close the JV company according to Chinese regulations and requirements in order to repatriate the proceeds.

The geological and technical information contained in this news release has been reviewed and approved by Michael Hibbitts, P.Geo., who is a qualified person 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.

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