Majestic Gold Announces Annual General Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2013) - Majestic Gold Corp. (TSX VENTURE:MJS)(FRANKFURT:A0BK1D) ("Majestic" or the "Company") is pleased to announce that the seven nominee directors named in the Concerned Shareholder Information Circular dated November 8, 2013 were elected as directors of the Company by over 99% of the votes cast at today's Annual General Meeting of Shareholders ("AGM"). As a result, the board of directors of Majestic is now comprised of Gengshu Miao, Shaohui Chen, Paul Reynolds, Grant Chen, John Campbell, Stephen Kenwood and Lorne Hunter. Mr. Miao will continue in his role as Chair of the Board, Mr. Reynolds has been confirmed as President and Chief Executive Officer, and James Mackie, who recently stepped down as a director, will continue as Chief Financial Officer and has also been appointed as Corporate Secretary.

At the AGM, shareholders also approved the re-appointment of Dale Matheson Carr-Hilton Labonte LLP as the Company's auditors, the Company's Stock Option Plan and the alteration of the Company's articles to include advance notice requirements and to allow the Company to make use of the notice and access procedures. Shareholders did not approve the adoption of new articles.

A total of 569,117,522 shares, representing 67.77% of the Company's 839,765,216 outstanding shares, were voted at the AGM. The Board sincerely thanks shareholders for their tremendous support in effecting change at Majestic.

About Majestic Gold

Majestic Gold Corp. is a Vancouver, BC based company engaged in commercial gold production at the Songjiagou gold mine in Yantai, China. It continues to seek out other projects to add value to the Company. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.net.

Cautionary Notes

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 statement address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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.