Majestic Gold Corp. announced that it has filed an amended technical report titled "Independent Technical Report of Songjiagou Project, Shandong Province, The People's Republic of China" dated January 19, 2016 by SRK Consulting China Ltd. Changes in the Amended Report included the following: Explanation to capping of High Grade samples at 40 g/t gold; Reporting open-pit resources and underground resources by using different cut-off grades; Excluding the depletion of historical underground mining in the resource statements and the PEA; Including taxation in the economic analysis in the PEA; Addition of a Qualified Person ("QP"), Peter Fairfield, BEng, FAusIMM, for mining aspects of the technical report as well as amending the certificates and consents of QP's to ensure that at least one qualified person is responsible for each section of the Amended Report; Addition of cautionary language relating to the mineral resource estimate and results of the PEA. The amended resource estimate accounted for depletion by previous underground mining of an amount of 443,555 tonnes at an average grade of 0.85 g/t gold; The Amended Report designated Scenario 1 as a base-case for PEA of the Songjiagou operation.

Scenario 1 allows for mining of only Indicated Resources, within the original mining license, at a rate of up to 7,400 tonnes per day.