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Majestic Gold And Fan Zhong Kong Agree To Discontinue Court Proceedings

Vancouver, British Columbia – August 11, 2026 – TheNewswire - Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (the “Company”) announces that the Company and Mr. Fan Zhong Kong have agreed to discontinue the previously announced court proceedings.   During recent discussions, the Company provided Mr. Kong with further information regarding Majestic's business strategy, including the rationale for its recent financing and its plans to pursue opportunities intended to diversify and strengthen the Company's operations. These discussions provided the parties with a clearer understanding of the Company's strategic objectives and the concerns raised by Mr. Kong.