Majestic Gold Corp.

Published : August 13th, 2015

Shareholder Update

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Keywords :   Canada | China | Gold | Gold Mine | Gold Production | K Street |

Shareholder Update

306 - 1688 152nd Street Surrey, British Columbia Canada, V4A 4N2

Telephone: 604-560-9060

Facsimile: 604-560-9062

Email: [email protected]

SHAREHOLDER UPDATE

Vancouver, British Columbia - August 12, 2015 - Majestic Gold Corp. ("Majestic" or the "Company") (TSX.V: MJS, FSE: A0BK1D) is pleased to provide the following shareholder update.

Majestic's subsidiary, Majestic China Holdings Corp. ("Majestic China"), has entered into a non- binding Letter of Intent ("LOI") with Yantai Baiheng Gold Mining Co. Ltd. ("Baiheng") on the Shuang Shan Tun and Xia Yu Cun properties, located in the Muping-Rushan Gold Belt in Shandong Province, China.
The LOI is principally a due diligence agreement that allows Majestic China a 12 month detailed due diligence period, after which Majestic China has the option to enter into a definitive agreement for one or both of the properties. During the due diligence period, Majestic China will also hold the right of first refusal over any third party proposal similar in nature to those being contemplated.
Shuang Shan Tun and Xia Yu Cun are both small tonnage, medium-high grade underground gold projects that have been developed as small scale producers. Majestic China intends to determine the economic viability of larger scale development of either property on a joint venture basis.
The completion of the joint venture is subject to the completion of due diligence on exploration and development work completed on the properties to date, the completion of a scoping study-level evaluation of the properties, as well as the approval of the TSX Venture Exchange and all other required regulatory, corporate and security holder approvals. During the due diligence period and prior to entering into a definitive agreement with Baiheng, Majestic China does not have any obligations to Baiheng.
Further to the Company's news release on August 6, 2014, Majestic's operating subsidiary, Yantai Zhongjia Mining Co. Ltd. has received final government approval to expand its Mining License at its Songjiagou Gold Mine ("Songjiagou") from 0.342 km² to 0.594 km². In advance of this, work in the pit at Songjiagou has included the development of a second access road into the pit to enable increased haulage of waste to two new waste dump areas that have been acquired in close proximity to the pit.
All data contained in this news release has been reviewed and approved by Stephen Kenwood, P. Geo., who is a qualified person under the definitions established by National Instrument 43-101

About Majestic Gold

Currently focused solely in China, Majestic Gold Corp. is a British Columbia based company
engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.com.

For further information, please contact:

Stephen Kenwood, P.Geo., President and CEO Telephone: (604) 560-9060
Email: [email protected]
Website: www.majesticgold.com

Cautionary Notes

Certain statements contained herein may constitute forward‐looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward‐looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward- looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.

In some cases, you can identify forward‐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. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward‐looking statements.

While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Majestic Gold does not intend to update any forward‐looking statements to conform these statements to actual results.

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Data and Statistics for these countries : Canada | China | All
Gold and Silver Prices for these countries : Canada | China | All

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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