Majestic Gold Corp. is a gold mining company with operations in China. The document provides an overview of Majestic's Song Jiagou gold project located in Shandong Province, China, including its exploration history, resource estimates, preliminary economic assessment, projected cash flows, and sensitivity analysis. It also provides corporate information on Majestic Gold Corp.'s management, timeline, and stock exchange listing.

1. Vancouver, March 2011

2. Cautionary Statement
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3. Introduction
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4. Management Team – Canada
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5. Management Team – China
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6. Corporate Timeline
2003 2004 2005 2006 2007 2008 2009 2010 2011
• Agreements • 2004 work • Surface results • Drill and trench • 2006 work • 2008 work • Sale
signed to program begins results program results program results
• Positive drill
evaluate China
projects • Drill program results • NI 43-101
begins Resource
• 2005 work
• Sawayaerdun Estimate
• Trench results programs begin
Joint Venture
• 2006 work
signed • Positive drill • Surface results
programs begin
results
• Drill and trench
results
• Muping/ Fushan • Surface and • Positive drill • Positive drill • Positive drill • Acquisition of • Wardrop
(“Shandong”) underground results results results interest in Song Preliminary
Cooperation sample results Jiagou -94% Economic
Agreements • NI 43-101 • Revised NI Assessment
• Underground Resource 43-101 • Mining
signed
sample results Estimate Resource operations • New mill near
• 2004 work Estimate commenced completion
• 2005 work • 2006 work
program begins
programs begin programs begin • Bulk sampling • Mill construction
commenced begins
• Song Jiagou drill • Underground
results sample results • Revised NI
43-101
• Positive drill
Resource
results
Estimate
• Positive drill
results
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7. Project “Song Jiagou” – Jiaodong Peninsula
The
Song
Jiagou
Property
is
located
on
the
Jiaodong
Peninsula
in
Muping
County,
the
Shandong
Province,
the
People's
Republic
of
China.
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8. Project “Song Jiagou” – Jiaodong Peninsula
Song Jiagou
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9. Project “Song Jiagou” – Exploration
2003 Signed JV Agreement to earn 60% of 13 licenses (including Song Jiagou)
2004 541m of channel samples in cross cuts - average 1.5 g/t over 95.4m (incl. 2.6 g/t over 47.5m)
Results indicated bulk-mineable target
2005 26 holes drilled totaling 7,300m - tested near-surface and down-dip extension of
near-vertical, high-grade mineralized fault zones
550m long, 500m wide, and up to 600m deep mineralized zone
Initial resource estimate delivered >400,000 oz with limited data
2006 9 holes drilled on surface totaling 3,700m (infill), underground drilling on all levels (1,000m)
Channel sampling L1 and L2
Prepared detailed geological / structural model
Revised Resource Estimate (~1,200,000 oz)
2007/ 08 Trenching program to test the grades and widths of the gold mineralization on surface
5,000m of surface core drilling to further delineate near surface gold
2009 1,000m surface drilling
2010 Revised Resource Estimate (~3,000,000 oz)
Mine operations commenced (at 1,400 tpd) – Mine expansion underway (to 7,400 tpd)
Negotiated and closed acquisition of remaining 40% interest, land rights
and processing facilities
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10. Project “Song Jiagou” – Resource Estimate
• NI 43-101 Resource Estimate (October 18, 2010)
Category Tonnes (t) Ounces (oz) Grade (g/t) Cut-off (g/t)
Indicated 33,739,586 1,244,211 1.147 0.30 g/t
Inferred 38,812,054 1,830,576 1.467 0.30 g/t
Potentially Mineable Resources
Tonnes Grade, Au (g/t)
Classification*
Indicated 29,875,527 1.201
Inferred 22,806,473 1.936
*Potentially Mineable Resources include the inferred mineral resources and are not mineral reserves.
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11. Project “Song Jiagou” – Resource
Displaying Gold Capped >= 0.4 gr/t
$700/oz
$750/oz
$800/oz
$850/oz
$900/oz Indicated
$1000/oz
$1100/oz Inferred
$1200/oz Stopes
Total section thickness is 10 metres
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12. Project “Song Jiagou” – Preliminary Assessment
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13. Project “Song Jiagou” – Costs
Capital Costs* 000’s US$
Pre-production (pre-strip) 0
Initial Capital 64,377
Initial Working Capital 7,120
Sustaining Working Capital 64,787
TOTAL CAPITAL COSTS 129,163
Operating Costs* US$/tonnes milled
Mining, Process and Transport 10.72
G&A and Quality Control 0.95
TOTAL OPERATING COSTS 11.67
*Wardrop Engineering Inc. Preliminary Economic Assessment, January 2011.
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14. Projected Cash Flows
MAJESTIC GOLD CORP CASH FLOWS
Production Schedule (000’s)
Year -1 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8-10 Year 11-13 Year 14-16 Year 17-19 Year 20-22 TOTAL
Tonnes Mined 4,472 7,644 7,173 10,500 9,574 10,354 9,343 26,092 20,060 19,271 20,143 9,310 153,936
Tonnes Waste 3,072 4,965 4,399 7,714 6,848 7,608 6,639 18,125 12,139 11,177 11,832 5,859 100,377
Tonnes Milled 1,400 2,442 2,442 2,442 2,442 2,442 2,442 7,326 7,326 7,326 7,326 7,326 52,682
Head Grade 0.74 3.43 2.88 1.87 2.20 1.70 1.76 1.58 1.42 1.37 1.25 0.56
Gold to Concentrate
31 256 215 139 164 126 131 354 317 305 277 119 2,434
(oz)
Gold for Sale (oz) 29 248 208 134 158 120 126 337 301 289 263 111 2,324
Revenues 27,927 241,527 202,809 130,143 153,343 116,929 122,619 328,113 292,692 281,546 255,955 107,833 2,261,436
Capital Expenditures 71,277 7,410 26,608 15,335 290 432 432 432 1,297 1,297 1,297 1,297 1,297 128,703
Operating Costs 16,329 28,482 28,482 28,482 28,482 28,482 28,482 85,445 85,445 85,445 85,445 83,701 612,700
Resource
1,089 9,512 7,981 5,108 6,025 4,587 4,811 12,866 11,468 11,028 10,020 4,197 88,693
Compensation Fee
Smelting Charges 700 3,719 3,290 2,432 2,718 2,265 2,335 6,470 5,992 5,834 5,465 2,896 44,117
TOTAL COSTS 24,828 64,602 51,797 33,880 34,939 33,501 33,726 99,608 98,211 97,771 96,762 89,196 758,820
Cost per oz 865 260 249 253 222 279 268 295 326 338 368 805 326
Pre Tax Cash Flow 2,399 173,206 147,722 93,832 115,686 81,163 86,558 222,034 188,490 177,941 153,727 15,742 1,458,500
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15. Revenue and Cash Flow
Revenue and Cash Flow
275,000,000 1,600,000,000
250,000,000
1,400,000,000
225,000,000
Cumulative Cash Flow (CA$)
1,200,000,000
200,000,000
175,000,000 1,000,000,000
150,000,000
CA $
800,000,000
125,000,000
100,000,000 600,000,000
75,000,000
400,000,000
50,000,000
200,000,000
25,000,000
0 0
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20
Year 21
Year 22
Revenues Pre Tax Cash Flow Cumulative Cash Flow
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16. Gold For Sale
Gold for Sale and Cost per Ounce
300000 1000
900
250000
800
700
200000
600
Cost (US$)
OZ
150000 500
400
100000
300
200
50000
100
0 0
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20
Year 21
Year 22
Gold for Sale Cost per oz
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17. Net Present Value – Economic Returns
Project NPV Unit Pre-Tax
14.0% discount rate million US$ 381
12.0% discount rate million US$ 446
10.0% discount rate million US$ 525
8.0% discount rate million US$ 624
Project IRR 78.6%
Payback years 1.4
Mine Life years 22
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18. Sensitivity Analysis
Pre-Tax NPV @ 10% Sensitivity Analysis
900
800
700
600
($ 000,000)
500
Gold Price
400
Exchange Rate
300
Gold Feed Grade
200
Operating Cost
100
Initial Capital Cost
0
-30% -20% -10% 0% 10% 20% 30%
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19. Corporate Profile
TSX Venture Exchange MJS
Frankfurt Stock Exchange A0BK1D
As of January 31st, 2011 ( CAD)
Shares Outstanding
Issued 499,826,309
Options 21,775,000
Warrants (@ 0.10) 52,889,197
Shares fully diluted 574,490,506
Market Cap $ CA124,956,577
Cash Position $ CA 4,000,000
Post Closing of Sale of Sawayerdun $ CA 4,750,000
Recent Share Price $ CA 0.25
52-week high-low $ CA 0.285 - $0.035
TSX Venture Exchange:
3 Mo Ave Daily Volume 710,473 shares ($ CA133,568)
12 Mo Ave Daily Volume 732,681 shares ($ CA 93,783)
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20. Contact Information
Head Office: Beijing Office:
Majestic Gold Corp. Majestic Gold Corp.
Suite 7730 - 1130 West Pender Street 509-C Building
Vancouver, British Columbia V6E 4A4 Futongdong Ave.
Canada Fengheng International Center
Wangjing
Telephone +1 (604) 681-4653 Beijing, 100102
Fax +1 (604) 568-4902 China
Toll Free +1 (866) 282-8398
www.majesticgold.net
investors@majesticgold.net
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21. Song Jiagou
Photo Gallery
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22. Song Jiagou – Rapid Development
May 2010 November 2010 January 2011
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23. Song Jiagou – Expanding Infrastructure
Mill Construction
August, 2010 August, 2010
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24. Song Jiagou – Expanding Infrastructure
Mill Construction
December, 2010 January, 2011
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25. Song Jiagou – Expanding Infrastructure
Power & Water
November, 2010 November, 2010
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26. Song Jiagou – Expanding Infrastructure
Tailings and Water Return Pipeline
November, 2010 January, 2011
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27. Song Jiagou – Expanding Infrastructure
Floatation Cells
December, 2010 January, 2011
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28. Song Jiagou – Expanding Infrastructure
Motors
January, 2011 January, 2011
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29. Song Jiagou – Expanding Infrastructure
Classifiers
December, 2010 January, 2011
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30. Song Jiagou – Expanding Infrastructure
Mill Buildings
November, 2010 January, 2011
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31. Song Jiagou – Expanding Infrastructure
Mill Buildings
February, 2011 February, 2011
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32. Song Jiagou – Expanding Infrastructure
Mill Buildings
November, 2010 February, 2011
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33. Song Jiagou – Expanding Infrastructure
Dewatering
February, 2011 February, 2011
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