Vancouver, March 2011

Cautionary Statement

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Introduction

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Management Team – Canada

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Management Team – China

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2003 2004 2005 2006 2007 2008 2009 2010 2011

•  Agreements signed to evaluate China projects

•  Sawayaerdun Joint Venture signed

•  2004 work program begins

•  Drill program begins

•  Trench results

•  Positive drill results

•  Surface results

•  Positive drill results

•  2005 work programs begin

•  Surface results

•  Drill and trench results

•  Drill and trench results

•  NI 43-101 Resource Estimate

•  2006 work programs begin

•  2006 work program results

•  2008 work program results

•  Sale

•  Muping/ Fushan (“Shandong”) Cooperation Agreements signed

•  2004 work program begins

•  Surface and underground sample results

•  Underground sample results

•  2005 work programs begin

•  Song Jiagou drill results

•  Positive drill results

•  NI 43-101 Resource Estimate

•  2006 work programs begin

•  Underground sample results

•  Positive drill results

•  Positive drill results

•  Positive drill results

•  Revised NI 43-101 Resource Estimate

•  Bulk sampling commenced

•  Positive drill results

•  Acquisition of interest in Song Jiagou -94%

•  Mining operations commenced

•  Mill construction begins

•  Revised NI 43-101 Resource Estimate

•  Wardrop Preliminary Economic Assessment

•  New mill near completion

Corporate Timeline

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Project “Song Jiagou” – Jiaodong Peninsula

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The  Song  Jiagou  Property  is  located  on  the  Jiaodong  Peninsula  in    Muping  County,  the  Shandong  Province,  the  People's  Republic  of  China.  

Project “Song Jiagou” – Jiaodong Peninsula

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Song Jiagou

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

Project “Song Jiagou” – Exploration

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Project “Song Jiagou” – Resource Estimate

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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 Classification* Tonnes Grade, Au (g/t)

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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•  NI 43-101 Resource Estimate (October 18, 2010)

Project “Song Jiagou” – Resource

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Displaying Gold Capped >= 0.4 gr/t

$800/oz

$700/oz $750/oz

$1100/oz

$850/oz $900/oz

$1000/oz

$1200/oz Total section thickness is 10 metres

Indicated Inferred Stopes

Project “Song Jiagou” – Preliminary Assessment

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Project “Song Jiagou” – Costs

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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.

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 (oz) 31 256 215 139 164 126 131 354 317 305 277 119 2,434

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 Compensation Fee 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

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

Projected Cash Flows

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Revenue and Cash Flow

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Revenue and Cash Flow

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Gold For Sale

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Gold for Sale and Cost per Ounce

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Net Present Value – Economic Returns

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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

Sensitivity Analysis

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Corporate Profile

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TSX Venture Exchange Frankfurt Stock Exchange

MJS A0BK1D

As of January 31st, 2011 ( CAD)

Shares Outstanding Issued Options Warrants (@ 0.10)

Shares fully diluted

499,826,309 21,775,000 52,889,197

574,490,506

Market Cap Cash Position Post Closing of Sale of Sawayerdun

$ CA124,956,577 $ CA 4,000,000 $ CA 4,750,000

Recent Share Price 52-week high-low

TSX Venture Exchange: 3 Mo Ave Daily Volume 12 Mo Ave Daily Volume

$ CA 0.25 $ CA 0.285 - $0.035

710,473 shares ($ CA133,568) 732,681 shares ($ CA 93,783)

Contact Information

Head Office:

Majestic Gold Corp. Suite 7730 - 1130 West Pender Street Vancouver, British Columbia V6E 4A4 Canada

Telephone +1 (604) 681-4653 Fax +1 (604) 568-4902 Toll Free +1 (866) 282-8398

www.majesticgold.net investors@majesticgold.net

Beijing Office:

Majestic Gold Corp. 509-C Building Futongdong Ave. Fengheng International Center Wangjing Beijing, 100102 China

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Song Jiagou Photo Gallery

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May 2010 November 2010 January 2011

Song Jiagou – Rapid Development

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Song Jiagou – Expanding Infrastructure

Mill Construction

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August, 2010 August, 2010

Song Jiagou – Expanding Infrastructure

Mill Construction

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December, 2010 January, 2011

Song Jiagou – Expanding Infrastructure

Power & Water

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November, 2010 November, 2010

Song Jiagou – Expanding Infrastructure

Tailings and Water Return Pipeline

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November, 2010 January, 2011

Song Jiagou – Expanding Infrastructure

Floatation Cells

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December, 2010 January, 2011

Song Jiagou – Expanding Infrastructure

Motors

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January, 2011 January, 2011

Song Jiagou – Expanding Infrastructure

Classifiers

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December, 2010 January, 2011

Song Jiagou – Expanding Infrastructure

Mill Buildings

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November, 2010 January, 2011

Song Jiagou – Expanding Infrastructure

Mill Buildings

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February, 2011 February, 2011

Song Jiagou – Expanding Infrastructure

Mill Buildings

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November, 2010 February, 2011

Song Jiagou – Expanding Infrastructure

Dewatering

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February, 2011 February, 2011