Majestic Gold Corp.
TSX VENTURE : MJS

Majestic Gold Corp.

January 09, 2008 19:08 ET

Majestic Gold Engages Firm for Chinese Technical Report & Construction of Year Round Access Road at Sawayaerdun

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Majestic Gold Corp. (TSX VENTURE:MJS) ("Majestic" or the "Company") is pleased to announce it has engaged a Chinese engineering firm, China ENFI Engineering Corporation ("ENFI"), to complete a technical report on its Sawayaerdun gold project in Xinjiang Province, western China.

The technical report will be done to Chinese standards and will provide information to help the Company formulate its plans to further advance the project to a stage where a development decision can be made.

In addition, Majestic has also begun construction of a year round access road to the Sawayaerdun project in order to allow for work to continue without interruptions. The continuous access to Sawayaerdun will allow the Company to expedite the project plans and shorten its timelines significantly.

Rod Husband, President and CEO of Majestic Gold, stated, "We believe the Sawayaerdun project has excellent potential for a production situation and our goal is to advance it as quickly as possible. The Chinese technical report will form an excellent baseline to work from in terms of areas to focus our efforts for ongoing exploration and development."

ABOUT ENFI

ENFI is an international engineering company established by China Nonferrous Engineering and Research Institute based on the modern enterprise system. The main business ranges from engineering construction and service including EPC, engineering design, engineering consulting, engineering cost consulting, project management, project supervision, project bidding and tendering, equipment research and production, equipment procurement and integration as well as system integration for domestic and foreign mining engineering, nonferrous metallurgical engineering, environmental engineering and civil engineering, to input and output of technology, equipment and labor associated with projects.

ABOUT SAWAYAERDUN

The Sawayaerdun project is located 200 kilometres northwest of Kashi in western region of Xinjiang Province, China. A total of 22 mineralized zones have been identified on the property, one of which has been the primary target for exploration. A National Instrument 43-101 report was conducted on this zone, Zone IV, and complete details can be found on the Company's website www.majesticgold.net.

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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