Concerned Shareholder of Majestic Gold Corp. Outlines Objection to Proposed Non-Brokered Private Placement and Requisitions Shareholder Meeting

Majestic Gold is Trading at a Substantial Discount to the Cash and Cash Equivalents on its Balance Sheet Majestic Gold has Ample Cash and No Immediate Need for Financing The Non-Brokered Private Placement is Highly Dilutive to Shareholders and May Materially Affect Control of Majestic Gold The Board of Directors is due for Re-election, and the Upcoming Annual General Meeting will Allow Shareholders to Voice their Concerns and Exercise Shareholder Rights The Concerned Shareholder Has Requisitioned the Annual General Meeting, and Majestic Gold is Urged to Refrain from Taking Actions that Entrench Management or that is Out of the Ordinary Course of Business Until the Meeting has been Held, and There is a Renewed Mandate from Shareholders Vancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Mr. Fan Zhong Kong, who holds approximately 12.79% of the issued and outstanding common shares of Majestic Gold Corp. (TSXV: MJS) (the "Company" or "Majestic Gold") hereby sets out his concerns with and objection to the proposed non-brokered private placement by the Company for gross proceeds of up to CAD$50,000,000 through the issuance of up to 384,615,385 common shares of the Company at a price of CAD$0.13 per share (the "Non-brokered Private Placement").