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Majestic Gold Corp.

Disclaimer

Disclaimer

General Disclaimer

Majestic Gold Corp. ("Majestic" or "the Company"), has taken all reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly. Material on this website may still contain technical or other inaccuracies, omissions, or typological errors, for which Majestic assumes no responsibility. The Company does not warrant to make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this website. Under no circumstances, including but not limited to, negligence, shall Majestic be liable for any direct, indirect, indirect, special, incidental, consequential, or not advised for the possibility of damage, arising from the use, or inability to use, the material on this website. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you man not modify or reproduce in any form, electronic or otherwise, any information on this website, except for personal use unless you have obtained management's express permission. The TSX Venture Exchange has not reviewed the information on this website and does not accept responsibility for the adequacy or accuracy of it.

The TSX Venture Exchange has not reviewed the information on this web site and does not accept responsibility for the adequacy or accuracy of it.

Forward Looking Statements

The information on this website includes certain "Forward-Looking Statements" within the meaning of securities exchange regulation. All statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majestic Gold Corp. are Forward-Looking Statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Majestic Gold Corp. expectations are disclosed under the heading "Risk Factors" and elsewhere in Majestic Gold Corp. documents filled from time to time with the securities regulatory authorities.

Third Party Links

All links or references to other web sites are provided merely as a convenience to the user. Majestic has no control over the linked or referenced web sites, makes no representation and gives no warranty regarding the completeness, accuracy or currency of the information located on the linked or referenced web sites and does not endorse the linked or referenced web sites or their content.

NI 43-101 Disclosure

Unless otherwise noted, all of Majestic's exploration programs and the related disclosure of information of technical or scientific nature are prepared by, or prepared under the direct supervision of Stephen Kenwood P.Geo, President and CEO who is a Qualified Person as defined in NI 43-101. This website and several associated documents refer to a preliminary economic assessment ("PEA") prepared by SRK Consulting (China) Ltd., and dated August 20, 2013. The PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will ever be realized. Mineral resources that are not mineral reserves and do hot have demonstrated economic viability. The Company's production decision was made based on the open pit optimization resource model set out in the PEA, which takes into account the relatively low mining costs negotiated by the Company. The Songjiagou resource estimate was carried out using industry-standard procedures and a geological interpretation of the deposit that, to the extent possible, reflected observations of grade distributions. Modeling of the deposit is uncertain, however, because it is difficult to establish with a high level of confidence the area of influence of higher-grade gold values. The risk remains, therefore, that the geological model may overstate the distribution of high-grade gold values. If future mining demonstrates that this is in fact the case, then the model may overstate anticipated gold grades. Because the probability of this outcome is unknown, the level of uncertainty must also be unknown.

Production Disclaimer

The Company's production decision was not based on a feasibility study of mineral reserves demonstrating economic and technical viability. The Company's production decision was made based on the open pit optimization resource model set out in the Preliminary Economic Assessment ("PEA") which takes into account the relatively low mining costs negotiated by the Company. The pit optimization that was conducted in the preliminary assessment generated a production schedule summary at grade cut-off of 0.30 grams per tonne Au.

The PEA includes the inferred mineral resources that are considered too speculative geologically to have the economic considerations applied the them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will ever be realized. Mineral resources that are not mineral reserves do not demonstrate economic viability.

Open pit optimization was carried out using Minesight's Economic Planner (Design) which uses series of Lerchs Grossman (LG) pit shells at different prices of gold to optimize the size of the pit while maximizing net present value (NPV) for the deposit. The resulting LG shells generated the highest discounted cash flow from the ore body at varying prices of gold. The LG shell used for optimization does not apply practical mining considerations and constraints

The strategic planning using the generated LG pit resulted in SRK identifying the "potential minable" resources within the proposed preliminary production schedule.

The optimization was based on a gold price of US$1,355 per ounce and and exchange rates of $1.000 (U.S.) to 6.2834 RMB and $1.000 (CAD) to 6.2789 RMB.

The Songjiagou resource estimate was carried out using industry-standard procures and a geological interpretation of the deposit that, to the extent possible, reflected observations of grade distributions. Modeling of the deposit is uncertain, however, because it is difficult to establish with a high level of confidence the area of influence of higher-grade gold values. If future mining demonstrates that this is in fact the case, then the model may overstate anticipated gold grades. Because the probability of this outcome is unknown, the level of uncertainty must also be unknown.