Vancouver, British Columbia – June 24, 2026 - TheNewswire – Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (the “ Company ”) is pleased to announce that the Supreme Court of British Columbia (the “ Court ”) has issued a decision in respect of an application brought in a petition proceeding initiated by Mr. Fan Zhong Kong seeking, among other relief, an interlocutory injunction delaying the Company from completing the non-brokered private placement announced on May 21, 2025 (the “ Private Placement ”) until after Mr. Kong's petition is decided on its merits or until after the Company's annual general meeting of shareholders scheduled to be held on July 31, 2026 (the “ AGM ”). The Court declined to order this relief. On an interlocutory basis, the Court has directed that the Private Placement may close after the record date for the AGM, which is June 29, 2026. The Company intends to close the Private Placement as expeditiously as possible.