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Majestic Completes Swap of Equity for Net Profits Interest
Published : July 29, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2013) - Majestic Gold Corp. (News - Market indicators) ("Majestic" or the "Company") is pleased to announce completion of the exchange provided for in the agreement (the "Exchange Agreement") with Yantai Dahedong Processing Co. Ltd. ("Dahedong") announced on June 27, 2013. As a result, Dahedong now holds a 25% equity stake in the Company's Chinese subsidiary, Yantai Zhongjia Mining Co. Ltd. ("Zhongjia"), in place of the 25% net profits interest granted to it in 2010.

Zhongjia owns the Song Jiagou open pit gold mine (the "Mine") near the City of Yantai, in Shandong Province, China. Majestic indirectly owns a 72% interest in Zhongjia through its 96% interest in Majestic Yantai Gold Ltd. ("Majestic Yantai"), which now owns a 75% interest in Zhongjia. Dahedong's acquisition of the other 25% of Zhongjia effectively means that it has a 25% working interest in Zhongjia in place of an entitlement to 25% of Mine profits. As a result, Dahedong is now obligated to contribute 25% of capital and other expenses for expansion and improvement of the three mills and related facilities which service the Mine, as well as other capital expenses associated with mining operations. Zhongjia will continue to have the use of Dahedong's mining assets at no cost to Zhongjia, including various land use contracts with the Chinese government for the operation of processing mills and disposal of tailings, water rights, two mills with processing capacities of 200 and 1,200 tonnes per day respectively, and related buildings and other mining facilities, machinery and equipment. The Exchange Agreement was accepted for filing by the TSX Venture Exchange on July 25, 2013.

On Behalf of the Board of Directors

MAJESTIC GOLD CORP.

Rod Husband, P.Geo, President

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.



Majestic Gold Corp.
Investor Relations
(604) 681-4653 or 1-866-282-8398
info@majesticgold.net
www.majesticgold.net

Majestic Gold Corp.

EN DÉVELOPPEMENT
CODE : MJS.V
ISIN : CA5609121077
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Majestic Gold est une société d’exploration minière d'or basée au Canada.

Majestic Gold détient divers projets d'exploration en Chine.

Son principal projet en développement est SONG JIAGOU en Chine et son principal projet en exploration est SAWAYAERDUN en Chine.

Majestic Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 63,9 millions CA$ (46,7 millions US$, 43,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 mars 1997 à 2,00 CA$, et son plus bas niveau récent le 04 septembre 2009 à 0,02 CA$.

Majestic Gold possède 912 270 016 actions en circulation.

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Rapports annuels de Majestic Gold Corp.
2008 Annual report
Nominations de Majestic Gold Corp.
29/10/2013Appoints New Directors, Adopts Advance Notice Policy
12/03/2013Appoints New Chief Financial Officer and Director
23/12/2009Appoints Vice President Development and Exploration
22/12/2009Appoints New Director
19/09/2008APPOINTS DAN PISENTI TO BOARD OF DIRECTORS
01/11/2007 APPOINTS MINE GEOLOGIST & GENERAL MANAGER FOR SONG JIAGOU
Projets de Majestic Gold Corp.
20/01/2011(Song Jiagou)Wardrop Delivers Positive Preliminary Assessment for Songjia...
15/04/2010(Song Jiagou)Provides Update on Song Jiagou Property
05/09/2008(Song Jiagou)ANNOUNCES SIGNIFICANT TRENCH RESULTS AT SONG JIAGOU
10/01/2008(Sawayaerdun) ENGAGES FIRM FOR TECHNICAL REPORT AND BEGINS YEAR ROUND ACC...
03/01/2008(Sawayaerdun) ANNOUNCES HIGH GRADE SAMPLE AT SAWAYAERDUN
04/10/2007(Song Jiagou)Outlines 2007 Program For Song Jiaguo
Communiqués de Presse de Majestic Gold Corp.
29/01/2016Majestic Gold Corp. Reports 2015 Annual Results And Option G...
27/01/2016Majestic Gold Corp. Files Amended Technical Report
22/12/2015Majestic Gold Corp. Clarifies Disclosure Following Bcsc Revi...
28/08/2015Majestic Gold Corp. Reports 2015 Third Quarter Results
13/08/2015Shareholder Update
21/08/2013(Song Jiagou)Files NI43-101 Report on Updated Preliminary Economic Assess...
29/07/2013Completes Swap of Equity for Net Profits Interest
08/07/2013(Song Jiagou)SRK Delivers Updated Preliminary Economic Assessment for Son...
27/06/2013Announces Agreement to Swap Net Profits Interest for Equity ...
28/03/2013Contracts VantageWire for Marketing and Advertising Services
19/02/2013First Quarter Gold Production
01/02/2013Corporate Update
27/04/2011Provides Update on Mill Construction
23/04/2010Greatly Increases Resources at Its Songjiagou Project
25/02/2010 Announces Agreement to Acquire Remaining 40% of Muping Join...
27/01/2010Announces Resignation of Director and Establishes Board Comm...
15/11/2007 COMMENCES BULK SAMPLING PROGRAM AT SONG JIAGOU
18/10/2007Increases Ounces By 285% TO 1.2 MILLION OUNCES AT SONG JIAGO...
16/02/2007RELEASES UNDERGROUND DRILL RESULTS AT SONG JIAGOU
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