Majestic's HKEX-Listed Subsidiary Persistence Completes HK$472 Million Private Placement

(TheNewswire)

Vancouver, British Columbia – TheNewswire - October 14, 2025 - Majestic GoldCorp. (“Majestic” or the “Company”)(TSX.V: MJS, FSE: A0BK1D) ) is pleased toannounce that its Hong Kong Stock Exchange (“HKEX”) listedsubsidiary, Persistence Resources Group Ltd. (“Persistence”)(Stock Code: 2489), has completed a private placement financing (the“Private Placement”) for gross proceeds of $472 million(approximately CAD$85.2 million)(“Placement”).

Pursuant to the Placement, Persistence issued 400million common shares (the “Shares”) at a price of HK$1.18 perShare (approximately CAD$0.213 per Share) on the HKEX. The Share priceof HK$1.18 represents a discount of approximately 19.2% to the closingprice of HK$1.46 per Share (approximately CAD$0.262 per Share) asquoted on the HKEX on the date of the placing agreement; and adiscount of approximately 18.5% to the average closing price ofapproximately HK$1.448 per Share (approximately CAD$0.259 per Share)as quoted on the HKEX for the last five consecutive trading days priorto the date of the placing agreement.

In connection with the private placement, Persistencewill pay aggregate placing agents’ commissions of HK$5,244,719(approximately CAD$946,975), representing 1.1% of the gross proceeds.The commissions will be paid to Huafu International SecuritiesLimited, Forthright Securities Company, and First Shanghai SecuritiesLimited as placing agents.

The Shares represent approximately 20.0% of the totalissued and outstanding shares of Persistence as of the date of thisannouncement and approximately 16.7% of the enlarged total number ofissued shares upon completion of the Placement.

Persistence intends to use the estimated net proceedsof the Placement primarily for (i) potential gold mine projectacquisitions; (ii) acceleration of its business expansion; and (iii)general working capital and other general corporate purposes.

About Majestic Gold

Majestic Gold Corp., aBritish Columbia based company, is a low-cost junior gold producerengaged in commercial gold production at the Songjiagou Gold Mine ineastern Shandong Province, China. Additional information on theCompany and its projects is available at www.sedarplus.ca and on theCompany’s website at www.majesticgold.com .

For further information, pleasecontact:

James Mackie, CFO and CorporateSecretary

Telephone: (604) 560-9060

Email: info@majesticgold.com

Website: www.majesticgold.com

Cautionary Notes

Certain statements contained hereinmay constitute forward?looking statements and are made pursuant tothe "safe harbor" provisions of the United States PrivateSecurities Litigation Reform Act of 1995 and Canadian securities laws.Forward?looking statements are statements which relate to futureevents. Such statements include estimates, forecasts, and statementsas to management's expectations with respect to, among otherthings, business and financial prospects, financial multiples andaccretion estimates, future trends, plans, strategies, objectives, andexpectations, including with respect to production, explorationdrilling, reserves and resources, exploitation activities and events or futureoperations. Information inferred from the interpretation of drillingresults and information concerning mineral resource estimates may alsobe deemed to be forward-looking statements, as it constitutes aprediction of what might be found to be present when, and if, aproject is actually developed.

In some cases, you can identifyforward?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. Thesestatements are only predictions and involve known and unknown risks,uncertainties and other factors that may cause our or ourindustry's actual results, level of activity, performance, orachievements to be materially different from any future results,levels of activity, performance, or achievements expressed or impliedby these forward?looking statements.

While these forward?lookingstatements, and any assumptions upon which they are based, are made ingood faith, and reflect our current judgment regarding the directionof our business, actual results will almost always vary, sometimesmaterially, from any estimates, predictions, projections, assumptions,or other future performance suggestions herein. Except as required byapplicable law, Majestic Gold does not intend to update anyforward?looking statements to conform these statements to actualresults

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