MJS: TSX-V

A0BK1D: FSE

MARCH 2013

AN EMERGING GOLD PRODUCER

Cautionary Statement

DISCLAIMER
MAJESTIC GOLD CORP. (Majestic or the Company), has taken all reasonable care in producing and publishing information contained on this presentation, and will endeavor to do so regularly. Material on this presentation 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 presentation. Under no circumstances, including but not limited to, negligence, shall Majestic be liable for any direct, indirect, special, incidental, consequential, or not advised for the possibility of damage, arising from the use, or inability to use, the material on this presentation. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this presentation, except for personal use unless you have obtained managements express permission. The T SX Venture Exchange has not reviewed the information on this presentation and does not accept responsibility for the adequacy or accuracy of it. FORWARD LOOKING STATEMENTS: The information on this presentation 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 filed from time to time with the securities regulatory authorities. NI 43-101 DISCLOSURE: Unless otherwise noted, all of Majestics exploration programs and the related disclosure of information of technical or scientific nature are prepared by, or prepared under the direct supervision of Mike Hibbitts, Majestics P.Geo VP Exploration and Development and Rod Husband P.Geo, President and CEO who are Qualified Persons as defined in NI 43-101. This presentation and several associated documents refer to a preliminary economic assessment (PEA) prepared by Wardrop Engineering Ltd., and dated February 25, 2011. 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 not have demonstrated economic viability. The Companys 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 Song Jiagou 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.
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Cautionary Statement

DISCLAIMER
PRODUCTION DISCLAIMER: The Companys production decision was not based on a feasibility study of mineral reserves demonstrating economic and technical viability. The Companys production decision was made based on the open pit optimization resource mode l 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 cutoff 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 Whittle 4.3 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 Wardrop identifying the potential minable resources within the proposed preliminary production schedule. The optimization was based on a gold price of $973 per ounce and and exchange rate of $1.000 (U.S.) to $1.087 (Canadian). The Song Jiagou 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

MANAGEMENT & STRUCTURE

Directors & Management

GENGSHU MIAO Chairman and Director Mr. Miao was Senior Economist and past president of China Minmetals Corporation and former GM of the Shanghai Metals & Minerals Import & Export Company. He also served as Deputy Director General of the Shanghai Foreign Economics and Trade Commission and was Chairman of the Board of Sinotrans Group and the China Council for International Investment Promotion. ROD HUSBAND, P.GEO P r e s i d e n t a n d C E O Mr. Husband is an economic geologist with over twenty-five years of international mineral exploration experience. His areas of expertise include property evaluations, project development and the management and financing of public companies. PAUL REYNOLDS, P.GEO COO Mr. Reynolds is a Professional Geoscientist with over 22 years experience working in Canada, USA, Bolivia, Argentina and Guyana. He specializes in the conception and management of mineral exploration ventures, and has extensive experience in public company management and spent time as an Officer/Director of Athlone Energy Ltd. (TSX-V: ATH) from 1994 until its sale to Daylight Resources Trust in 2008.

MIKE HIBBITTS, P.GEO Director, VP Exploration and Development Mr. Hibbitts has more than thirty years of proven progressive experience from early exploration to feasibility, mine development and production. To date, he has overseen the construction of sixteen mines including New Gold Inc., Northgate Exploration Ltd., Royal Oak Mines and Noranda Mines. RUDY BRAUER Director Having served as both president and chairman of the board for several companies in Germany and the United States, Mr. Brauer offers more than twenty years of international experience in corporate finance and investment banking. SHAOHUI CHEN Director Mr. Chen, former president of the Northern China Planning and Design Institute of the Ministry of Chemical Industry, has over twenty-five years of experience in the mining industry, served as the general manager of Xinjiang Majestic Mining Inc. FAN ZHONG KONG GM Yantai JV Mr. Kong is the Chairman of Yantai Zhongbiao Donghu Mining Co. Ltd. which has a large marble business in Yantai city. He has ten years of experience as the general manager of Yantai Muping Wanggezhuang Town Dahedong Processing Plant and as the Chairman of Yantai Zhongbiao Donghu Mining Co. Ltd.

JAMES MACKIE CFO and Director Mr. Mackie is a member of the Association of the Certified General Accountants of British Columbia and Canada. Mr. Mackie has over 15 years of corporate experience in financial management and administration, including corporate governance, government and securities compliance. More recently, he has acted as Corporate Controller for a number of mining exploration companies listed on the Toronto Stock Exchange and TSX Venture Exchange
RICHARD SHAO, PhD Metallurgy Agent for China As a former acting Department Head (Mineral Processing) at the Chinese University of Mining and Technology, Mr. Shao has numerous years of experience as both an advisor and a consultant for mineral processing and evaluating companies.

Corporate Information Corporate Information

Key Share Information

Toronto Stock Exchange: Recent Share Price: 52 Week High/Low: Frankfurt Stock Exchange: Recent Share Price: 52- week high-low: TSX.V - MJS $0.15 Shares Issued: Options: 47,825,000

February 2013

839,765,216

$0.265 - $0.09 Warrants: FSE A0BK1D Fully Diluted: 1,111,090,216 0.083 Ave Daily Volume:

222,500,000

$53,102 $126 M $20.0 M

6

0.204 - 0.070 Market Capitalization: Cash Position:

Introduction Introduction

STRATEGY
Acquire advanced stage projects move quickly to go/no go decision

HISTORY
2003 2010 opening of China, uptrend in gold / learning curve 2010 company re-born increase JV ownership from 60%-75% (take-out of original partner)

OPPORTUNITIES OFFERED IN CHINA

Stable investment climate

Changing of Chinese law

Low geological risk Low costs Mining CapEx May 2010 6,000 tpd Mill constructed May 2011

SONG JIAGOU PROJECT

Song Jiagou Project Song Jiagou Project

LOCATION
Located in Muping County on the Jiaodong Peninsula, Shandong Province Majestic Gold holds 75% (70.5% net) interest in Chinese JV Co

Song Jiagou Project

GEOLOGY
Region produces 25% of Chinas annual gold production Conglomerate hosted disseminated gold deposit (very unique in this region)

Song Jiagou

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Song Jiagou Project

GEOLOGY
Mining License

Exploration License

Conglomerate

Lamprophyre Dyke

Sericite Quartz

Pyrite Sericite Quartz

Gold zones

11

Song Jiagou Project

Conglomerate

Lamprophyre Dyke

Sericite Quartz

Pyrite Sericite Quartz

Gold zones

12

Song Jiagou Project

13

Song Jiagou Project Resource Large Resource of 1.2 Mi oz Indicated & 1.8 Mi oz Inferred
Tier 1 Preliminary Economic Assessment has been completed on the known resource Based on current grades and recoveries Assumes mining of 2.324 Mi oz Au out of total of 3.0 Mi oz Au LOM

NI 43-101 Compliant Resource Estimate (October 18, 2010) Category Indicated Inferred Tonnes (t) 33,739,586 38,812,054 Ounces (oz) 1,244,211 1,830,576 Tonnes 29,875,527 22,806,473 Grade (g/t) 1.147 1.467 Cut-off (g/t) 0.30 g/t 0.30 g/t Grade, Au (g/t) 1.207 1.936

Potentially Mineable Resources Classification* Indicated Inferred

*Potentially Mineable Resources include the inferred mineral resources and are not mineral reserves.

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Song Jiagou Project P.E.A.

P r e l i m i n a r y E c o n o m i c A s s e s s m e n t S h o w s Ve r y P o s i t i v e E c o n o m i c s
NPV of $525 Mi based on US$973/oz Based on total gold production of 2.324 Mi oz over 22 year life-of-mine (average 105,645 oz/yr) Initial capital requirements $64.4 Mi Average cash costs life-of-mine <$350/oz Average pre-tax cash flows of $70 million/year

BASE CASE
Au Price US$973/oz Discount rate 10% Exchange rate C$1 = US$0.92 = RMB6.4391 Operating cash flow Pre-tax NPV IRR Payback period US$1,516 million US$525 million 78.6% 1.4 years

Life-of-Mine strip ratio 1.87:1 (waste to ore)

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Song Jiagou Project Valuation Upside S i g n i f i c a n t Va l u a t i o n U p s i d e a t C u r r e n t G o l d P r i c e s

Using Wardrops base case gold price of $973/oz results in a Project NPV of US$525 million and a Project IRR of 79%
Using current gold prices of ~US$1,500/oz results in a Project NPV of US$975 million and a Project IRR of 113%

Project NPV Gold Price Sensitivity

1,200 Project NPV (US$ million) 1,000 Project IRR 800 600 400 200 120% 100% 80% 60% 40% 20%

Project IRR Gold Price Sensitivity

Base Case -15% US$827/oz Base Case US$973/oz Base Case +15% Current gold US$1,119/oz price US$1,500/oz

0%
Base Case -15% US$827/oz Base Case US$973/oz Base Case +15% Current gold US$1,119/oz price US$1,500/oz

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Upside Song Jiagou Project Resource Upside CROSS SECTION OF OPEN PIT

600,000 oz outside mineable resource

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Upside Song Jiagou Project Resource Upside

PLAN VIEW OF OPEN PIT

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Song Jiagou Project Production Highlights Production Highlights PRODUCTION HIGHLIGHTS

FY 2010 4,709 oz, FY 2011 9,292 oz , FY 2012 18,969 oz, Q1 2013 4,813 oz

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Song Jiagou Project Production Highlights Production P R O D U C T I O N D E TA I L S

Currently mining waste down to main part of ore body Very little grade for initial 70 metres elevation Grade starts at 60 masl

130 masl

100 masl

60 masl
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Song Jiagou Project Production Highlights Production P R O D U C T I O N D E TA I L S

No grade control measures in place Low (sub-grade) cap being mined Main resource starts at 60m elevation (70 metres below original surface) Good correlation between actual and planned processing implied confidence in resource blocks

Material (T)
Total Planned Ore + Waste (no grade for waste) Planned Ore (SRK Mine Plan Jul11 Jul12)
Planned Waste (SRK Mine Plan Jul11 Jul12) Actual milled (for period)
* implied

Gold Produced (grams)

633,3648 633,364
140,474* 773,838

Grade (g/t)
0.233 0.706
0.077* 0.284

2,720,757 897,289
1,823,468 2,720,757

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Song Jiagou Project 36 mo Performance ACHIEVEMENTS 2010 - PRESENT

Revised ownership from 60% to 75% (take-out of original partner) in 2010 Raised $75 million most recent $35.5 million (June 2012) Revised Resource - NI 43-101 (April 2010) further revised Resource (October 2010) Preliminary Economic Assessment completed (March 2011) New 6,000 tpd mill (commissioned May 2011) capacity increased to 7,400 tpd Steadily increasing gold production: FY 2010 4,709 oz/yr (392 oz/mo) FY 2011 9,292 oz/yr (774 oz/mo) FY 2012 18,969 oz/ yr (1,581 oz/mo) Q1 2013 4,813 oz/ qtr (1,716 oz in Dec)

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Song Jiagou Project Priorities RAMP UP PRODUCTION to 100,000 oz/yr

Establish grade controls Detailed topographic controls (in progress) Computer modeling of current pit Computer contouring of blast hole assays and field ID of results

Assay lab upgrade

Increase size and efficiency of on site lab Reduce downtime/Maximize throughput Mill and infrastructure upgrades as required

Increase size and scale of Mining License

Revise Chinese geology and resource report Revise Chinese feasibility study Revised Environmental and Safety reports Applications and approvals
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MARKET UPDATE

Positive outlook for gold

GOLD PRICE CONTINUES TO IMPRESS

2000 1800 1600 1400 1200 1000 800 600 400 200 0 2002

2000.0 1800.0 1600.0

Gold Price ($/oz)

Gold Price

1400.0 1200.0 1000.0 800.0 600.0 400.0 200.0 2013 2014 Gold Price 2015 2016 Long term

Source: Consensus Economics Report, Bloomberg, Deloitte

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Positive outlook for gold

OUTLOOK REMAINS STRONG GIVEN

Demand growth for strategic, industrial and investment purposes (gold outperformed major indices) Lack of recent discoveries
12 $4,500 $4,000
1000.0%

$3,500 8 $3,000

$2,500
$2,000

600.0%

400.0%

$1,500
$1,000

200.0%

0.0%

$500
0
Dow Jones Industrial average Silver price Copper price Gold price TSX composite
Discoveries

$0

Total Exploration Expenditures (aggregate of 640 publicly-listed gold companies)

Total Expenditure (CAD$M) 26

800.0%

Source: World Gold Council, Capital IQ, Bloomberg Deloitte

Number of Discoveries

Positive outlook for gold

OUTLOOK REMAINS STRONG

A time of transition for the world money
Continuing financial crisis in Europe and sluggish US recovery Dissatisfaction with the present dollar-

C H A N G E I N G O L D H O L D I N G S ( % C H A N G E I N T O N N E S ) B Y C E N T R A L B A N K S A N D O F F I C I A L B O D I E S Q 4 2 0 0 7 - Q 1 2 0 1 2
-500 -400 -300 -200 -100 0 100 200 300 400 500
China Russia India Saudi Arabia Mexico Turkey Thailand Philippines Korea Belarus Kazakhstan Bolivia Bangladesh Netherlands Netherlands Antilles Cambodia Jordan Germany Nigeria Sweden Syria Peru ECB Egypt Switzerland Libya France Lebanon IMF

oriented system
No alternative in the near run Gold has three main advantages and will take a more active role in the central banks trading Hedge against deflation which may arise from a long period of deleveraging Gold is no ones liability Currency hedge, not just dollar hedge Central Bankers have reappraised the role of gold in recent years

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Source: World Gold Council/IMF 12

Positive outlook for gold

OUTLOOK REMAINS STRONG

Gold accounts for 14.4% of worlds total monetary reserve US Germany and France all over 71% China currently at 1.6% (1,054 Tonnes) China holds the worlds largest foreign exchange reserves ($3.31 Trillion) So large they are limited to US$ and Euros Big reason why China has decided to increase is share of gold reserves If China reaches world average they will buy 8,432 Tonnes (3.5 yrs of total global production)

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Source: World Gold Council/IMF 12

Performance Against the Market M J S O U T P E R F O R M E D G O L D , T S X - V, D A X , a n d D J I

Relative Price Performance Jan 2010-Oct 2012
450 400 350 300 Return (%) 250 200 150 100 50 0 -50

410% 363%

TSX-V: -15%

DJI: +24%

MJS: +163%

GOLD: +53%

DAX: +20%
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Valuation

Valuation

I N - S I T U VA L U AT I O N I S L O W C O M PA R E D T O C O M PA R A B L E G O L D C O M PA N I E S
Comparable Companies In-Situ Multiples (Enterprise Value / oz AuEq, CAD$)
180 160 140 120
100

80 60 40 20 Eldorado Real Gold Inter-Citic Gold Mining Minerals Source: Deloitte, Capital IQ, Company Technical Reports, Metals Economics Group Lingbao Gold Minco Gold Majestic Gold China Gold International Resources Average TSX Average*

Note: China Golds resources include a large amount of by-products, affecting its valuation on a $/oz basis

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Unprecedented M&A Opportunities

Emerging mining companies unable to finance project development Equity financings through traditional resources can not be relied upon to provide significant, early stage capital

Traditional debt lenders, particularly in Europe and the US, have been retrenching their activities in response to the global credit crisis
Equity value has low correlation with in-situ value

1850 22% 1800 Price Weighted Return (in%) 1750 Gold Price (US$) 1700 1650 1600 1550 1500 -38% -18% 2%

1450
1400
20-Dec-11 20-Jan-12 20-Feb-12 20-Mar-12 20-Apr-12 20-May-12 20-Jun-12 20-Jul-12 20-Aug-12 20-Sep-12 20-Oct-12 20-Nov-12

-58% Gold Price Price Weighed

The Gold Developer Index is a price-weighted index of the returns of the constituents where each constituent makes up a fraction of the index that is proportional to its price. The constituent stocks are: Majestic Gold Corp, Focus Minerals Ltd, Sihayo Gold Ltd, Indochine Mining Ltd, Kula Gold Ltd, Acuvax td, OceanaGold Corp, Northern Star Resources Ltd, Saracen Mineral Holdings Ltd, Vista Gold Corp, Tanami Gold NL, Ramelius Resources Ltd, Crocodile Gold Corp Source: Bloomberg, Deloitte

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Unprecedented M&A Opportunities

32

Unprecedented M&A Opportunities

Date

Acquirer

Target

Resource

Stage

Annual Production 50,000 175,000

Location

Deal Value (mil) 50 608

Premium

$/oz

Consideration

16-Apr-12 29-Jun-12

Lion Gold St Barbara

Castlemaine Allied Gold

757,700 9,000,000

Production Production

Australia PNG Solomon Islands Australia Philippines Australia Burkina Faso

54.0% 92.0%

$66 $68

share cash/share

06-Aug-12 19-Sep-12 28-Sep-12 19-Oct-12

Silver Lake B2Gold Unity Nordgold

Integra Mining CGA Mining Cortona High River Gold

2,100,000 8,000,000 327,000 8,000,000

Production Production Feasibility Production

100,000 200,000 50,000 340,000

442 1,100 27 294

44.0% 26.0% 15.0% 1.4%

$210 $138 $83 $37

share share cash/share cash

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GROWTH STRATEGY

Strategy forGrowth Growth Strategy Assessment Vision:

grow Majestic into a mid-tier gold producer with multiple assets with annual production in excess of 400,000 oz/yr that is highly attractive to the Asian market

The Task
Achieve annual production greater than 400,000 oz

Status
Song Jiagou currently ramping up to 100,000 oz/yr, with potential to expand may ultimately produce 200K oz/yr

Strategy
Acquire additional projects through M&A: Focus on assets which are: At or near gold production (i.e. cash flow); Currently undervalued by the market; In the Asia Pacific region Acquire additional projects through M&A: Focus on assets which are: At or near gold production (i.e. cash flow); Currently undervalued by the market; In the Asia Pacific region Ramp up production at Song Jiagou Strengthen BOD and Management Pursue Hong Kong listing options Marketing road shows to better explain the company and its vision
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Multiple assets (~10 Mi oz in-situ resources)

Song Jiagou currently hosts 3 Mi oz resource ultimate upside likely <5 Mi

Become highly attractive to Asian investors who understand cash flow but not necessarily development projects, and yet want exposure to the mining sector and gold in particular

Significant interest in the company from Asian investors to date, however TSX.V listing and some unsupportive shareholders in NA and Europe have resulted in shares being significantly undervalued

SUMMARY

Investment Investment HighlightsHighlights

SUMMARY
Large NI 43-101 gold resource
In production Valued at a low P/NAV multiple based on current market capitalization of approximately US$125 Mi Project NPV of $525 Mi (using Wardrops gold price of US$973/oz) a current P/NAV multiple of 0.27 times Project NPV of $975 Mi (using current gold prices of US$1,500/oz) a current P/NAV multiple of 0.15 times Re-rating expected based on valuations of comparable companies at or near production Current in-situ multiple of $31/oz, versus average of $111/oz for comparable companies Potential to expand resource Achievable growth strategy Optimize production to 100,000 oz / year Growth through M&A Increase exposure to Asian investors (HK listing)

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Corporate Investment Highlights Updates

L AT E S T N E W S R E L E A S E
Mr. Gengshu Miao is appointed to the Companys Board of Directors
Mr. Miao was the president of China National Metals and Minerals Import and Export Corp. (now China Minmetals Corp.) Gold Production in the Song Jiagou gold mine for the 1Q of FY 2013 reached 4,813oz The objective of production in 2013 is to lower cut-off grade, improve waste management and increase mill throughput using the pit optimization model developed by Wardrop Continue to work closely with SRK Beijing on an application to the Chinese Government to expand the mining zone and mining permit to 7,400 tpd Advanced discussions have taken place with potential sponsors and lawyers in relation to Hong Kong listing Listing would greatly enhance the companys exposure in Asia, and in China in particular Initiated a formal search for potential merger and acquisition opportunities Deliotte is providing financial advisory services in relations to potential M&A transactions in the gold sector Identified 4 high-priority targets engagement with potential targets is ongoing Initiated discussion to exchange a 25% interest in JVCo for the 25% net profit interest currently held by Dahedong Simplify the corporate structure as well as assist with the mining permit application and presentation of the company to the HKEx
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Contact Information Contact Information

HEAD OFFICE:
Majestic Gold Corp.
502 535 Thurlow Street. Vancouver, British Columbia V6E 3L2 Canada

Telephone

+1 (604) 681-4653

Fax

+1 (604) 568-4902

Toll Free

+1 (866) 282-8398

Website

www.majesticgold.net

E-mail

investors@majesticgold.net

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