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Vancouver, British Columbia TheNewswire - September 15, 2025 - Majestic Gold Corp. ("Majestic" or the "Company") (TSX.V: MJS, FSE: A0BK1D) reports that its safety production permit for the Songjiagou Underground Mine expired on September 11, 2025. Yantai Zhongjia Mining Co., Ltd. ("Yantai Zhongjia"), a subsidiary of the Company, submitted all required application documents to the Shandong Provincial Emergency Management Department ("Emergency Department") in August 2025 for renewal of the safety production permit.
To facilitate the application process and in view that the Emergency Department may conduct unannounced safety inspections of the mining area, Yantai Zhongjia voluntarily suspended major production activities at the Songjiagou Underground Mine effective September 1, 2025. This temporary suspension allows for a comprehensive hazard investigation by the Emergency Department and ensures that Yantai Zhongjia can effectively implement any safety rectification measures, if required, in support of the renewal application for the safety production permit.
As at the date of this announcement, Yantai Zhongjia has not yet received the new safety production permit for the Songjiagou Underground Mine. Under normal circumstances, the Emergency Department will grant a new safety production permit before the expiry date, provided the application is submitted on time. However, due to stricter safety protocols implemented this year, Yantai Zhongjia anticipates receiving the renewed safety production permit by the end of October 2025.
During the interim, Yantai Zhongjia will continue processing ore previously mined from the Songjiagou Underground Mine. Operations at the Songjiagou Open-Pit Mine remain normal and unaffected by the safety production permit renewal process.
The Company will issue further announcements regarding the progress of the renewal application process and the resumption of production activities at the Songjiagou Underground Mine.
About Majestic Gold
Majestic Gold Corp., a British Columbia based company, is a low-cost junior gold producer engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedarplus.ca and on the Company's website at www.majesticgold.com .
For further information, please contact:
James Mackie, CFO and Corporate Secretary
Telephone: (604) 560-9060
Email: info@majesticgold.com
Website: www.majesticgold.com
Cautionary Notes
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. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.
In some cases, you can identify forward‐looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward‐looking statements.
While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith, and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, Majestic Gold does not intend to update any forward‐looking statements to conform these statements to actual results
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