Supreme Court Rules Against Injunction Delaying Majestic Gold Corp.'s Private Placement

Vancouver, British Columbia — June 24, 2026 — Leads & Copy — Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) announced that the Supreme Court of British Columbia has issued a decision regarding an application seeking to delay the company's non-brokered private placement. The court declined to grant an interlocutory injunction that would have prevented the company from completing the private placement until after Mr. Fan Zhong Kong's petition is decided or after the company's annual general meeting of shareholders on July 31, 2026.

On an interlocutory basis, the Court directed that the private placement can close after the record date for the AGM, which is June 29, 2026. Majestic Gold Corp. intends to close the private placement as quickly as possible.

Majestic Gold Corp. is a low-cost junior gold producer with commercial gold production in eastern Shandong Province, China. The company's mining operations are located at its Songjiagou Gold Mines and the Mujin Gold Project.

Additional information on Majestic Gold Corp. and its projects is available on www.sedarplus.ca and the company's website.