Vancouver, March 2011
Cautionary Statement
2 2011 Majestic Gold Corp.
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
6 2011 Majestic Gold Corp.
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
9 2011 Majestic Gold Corp.
Project “Song Jiagou” – Resource Estimate
10
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.
2011 Majestic Gold Corp.
• NI 43-101 Resource Estimate (October 18, 2010)
Project “Song Jiagou” – Resource
11 2011 Majestic Gold Corp.
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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0
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
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25,000,000
50,000,000
75,000,000
100,000,000
125,000,000
150,000,000
175,000,000
200,000,000
225,000,000
250,000,000
275,000,000
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Revenue and Cash Flow
Revenues Pre Tax Cash Flow Cumulative Cash Flow
Gold For Sale
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OZ
Cost (U
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Gold for Sale and Cost per Ounce
Gold for Sale Cost per oz
2011 Majestic Gold Corp.
Net Present Value – Economic Returns
17 2011 Majestic Gold Corp.
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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0
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-30% -20% -10% 0% 10% 20% 30%
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Pre-Tax NPV @ 10% Sensitivity Analysis
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Corporate Profile
19 2011 Majestic Gold Corp.
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 [email protected]
Beijing Office:
Majestic Gold Corp. 509-C Building Futongdong Ave. Fengheng International Center Wangjing Beijing, 100102 China
20 2011 Majestic Gold Corp.
Song Jiagou Photo Gallery
2011 Majestic Gold Corp. 21
May 2010 November 2010 January 2011
Song Jiagou – Rapid Development
22 2011 Majestic Gold Corp.
Song Jiagou – Expanding Infrastructure
Mill Construction
23 2011 Majestic Gold Corp.
August, 2010 August, 2010
Song Jiagou – Expanding Infrastructure
Mill Construction
24 2011 Majestic Gold Corp.
December, 2010 January, 2011
Song Jiagou – Expanding Infrastructure
Power & Water
25 2011 Majestic Gold Corp.
November, 2010 November, 2010
Song Jiagou – Expanding Infrastructure
Tailings and Water Return Pipeline
26 2011 Majestic Gold Corp.
November, 2010 January, 2011
Song Jiagou – Expanding Infrastructure
Floatation Cells
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December, 2010 January, 2011
Song Jiagou – Expanding Infrastructure
Motors
28 2011 Majestic Gold Corp.
January, 2011 January, 2011
Song Jiagou – Expanding Infrastructure
Classifiers
29 2011 Majestic Gold Corp.
December, 2010 January, 2011
Song Jiagou – Expanding Infrastructure
Mill Buildings
30 2011 Majestic Gold Corp.
November, 2010 January, 2011
Song Jiagou – Expanding Infrastructure
Mill Buildings
31 2011 Majestic Gold Corp.
February, 2011 February, 2011
Song Jiagou – Expanding Infrastructure
Mill Buildings
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November, 2010 February, 2011
Song Jiagou – Expanding Infrastructure
Dewatering
33 2011 Majestic Gold Corp.
February, 2011 February, 2011