Majestic Gold Corp.
TSX VENTURE : MJS

Majestic Gold Corp.

November 14, 2007 20:21 ET

Majestic Gold Commences Bulk Sampling Program at Song Jiagou

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - Majestic Gold Corp. (TSX VENTURE:MJS) ("Majestic" or the "Company") is pleased to announce it has entered into an agreement to allow for the commencement of a bulk sampling program on its Song Jiagou project. The three party agreement is between Yantai Zhongjia Mine Development Enterprise ("Zhongjia") (Majestic's 60 percent Chinese joint venture company), Muping Gold Mine (Majestic's joint venture partner), and Dahedong Smelter Mill ("Dahedong").

The agreement can be summarized as follows:

- Dahedong will provide immediate access to one 300 tonne per day mill ("Mill 1") and access from August 1, 2008 to one 1,200 tonne per day mill ("Mill 2") (collectively, "the Mills") for the exclusive use of Zhongjia.

- The exclusive use on the Mills is temporarily set as thirty years. As consideration for providing access to the Mills, Dahedong will be entitled to 20 percent of the net (after tax) profit of Mill 2.

- Once the total output of the Mills (i.e., the total output of Mill 1, Mill 2 and any new mills established on the property reaches 3,000 tons a day, Zhongjia shall have the right to (1) continue paying Dahedong 20 percent of the net profit of Mill 2 (i.e., the after-tax profit) as the royalty, or (2) negotiate for the purchase of all of the land and equipment owned by Dahedong.

- During the term of exclusive use, Dahedong warrants that the operation costs for all the Mills will not exceed 70 Yuan per tonne. The operation costs hereunder includes the costs and expenses incurred in mining, transportation, milling and tailing and disposal of solid waste in addition to any other costs and expenses arising from the mining and processing operations.

"We are pleased to have come to terms on an exclusive agreement for access to existing mills to allow for processing of material from the Song Jiagou project," stated Majestic Gold President and CEO Rod Husband. "The bulk sampling program will provide excellent data to be used to assist in the preparation of pre-feasibility reports."

Prior to the commencement of the bulk sampling program, the Company installed certain QA/QC equipment to monitor the program including a Knelson concentrator, truck scale and belt scales and initiated a detailed sampling program. Concentrate produced from the milling of the bulk sample will be shipped to a local smelter for refining; results of this program will be released as they become known.

Further to the bulk sampling program, the Company continues its exploration program on the Song Jiagou project. The current program consists of surface trenching and a 5,000-metre shallow drill program to better define the near surface gold mineralization. The Company has also engaged the 3rd Geological Brigade of Yantai to prepare a Chinese Engineering Report to allow for the expansion of the existing mining license on the property. Once the results from the current exploration program and sufficient information have been collected from the bulk sampling program, the 3rd Geological Brigade will prepare this report.

About Majestic

Majestic Gold Corp. is a gold exploration company focused on exploring and developing advanced stage projects in China. The Company has two gold projects located in prolific gold regions of China, Song Jiagou in eastern Shandong Province and Sawayaerdun in western Xinjiang Province. Both of Majestic's projects have had resource estimates prepared on them. The 2007 exploration programs are well underway as the Company works to rapidly advance these projects toward production.

This news release was reviewed by Qualified Persons as defined by National Instrument 43-101, including Rod Husband, P. Geo., who has prepared the technical information contained herein.

On Behalf of the Board of Directors

Rod Husband, P.Geo., Director, President and CEO

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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