Majestic Gold Corp. Appoints New Chief Financial Officer and Director

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/12/13 -- Majestic Gold Corp. (TSX VENTURE: MJS)(FRANKFURT: A0BK1D) ("Majestic" or the "Company") is pleased to announce that Mr. James Mackie has been appointed Chief Financial Officer ("CFO") and elected to the Company's board of directors effective immediately. Mr. Mackie is replacing Tom Needham as CFO, who is retiring from the Company and Gurminder Sangha, who has resigned as a director.

Mr. Mackie is a Certified General Accountant and has over 15 years of corporate experience in financial management, including corporate governance, government and securities compliance. More recently, he has acted as Corporate Controller for a number of mining exploration companies listed on the Toronto Stock Exchange and TSX Venture Exchange.

President and CEO of Majestic, Rod Husband, stated, "We are very pleased that James has joined the Majestic team. I believe, with his experience and skill set, he will make a significant contribution to the Company and help us execute on our strategy going forward. I would also like to thank both Tom Needham and Gurminder Sangha for their contribution to the growth of Majestic and wish them well in their future endeavors."

About Majestic Gold Corp.

Currently focused solely in China, Majestic Gold Corp. is a Vancouver, BC based company engaged in commercial gold production at the Song Jiagou gold mine in Yantai, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.net.

On Behalf of the Board of Directors

MAJESTIC GOLD CORP.

Rod Husband, P.Geo, President

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.

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.

Contacts:

Majestic Gold Corp.

Investor Relations

(604) 681-4653 or 1-866-282-8398

(604) 568-4902 (FAX)
info@majesticgold.net
www.majesticgold.net