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Majesta calls Annual General and Special Shareholder Meeting for January 24, 2018

FSCWIRE

Majesta calls Annual General and Special Shareholder Meeting for January 24, 2018

La Ronge, Saskatchewan (FSCwire) – Majesta Minerals Inc. (“MMI”) wished to announce that it has called an annual general and special meeting of shareholders for January 24, 2018. The meeting will be held at 9:00am at the offices of Wolff Leia, Barristers and Solicitors, 203, 221 10th Avenue SE, Calgary, Alberta T2G 0V9. MMI has been approached by a party which wishes to acquire control of MMI through a reverse takeover. No agreement has been signed. However, as a precondition, the target group requires that the company sell its assets and settle its outstanding debt. MMI has entered into conditional arrangements with its two creditors to accomplish this objective if such reverse takeover is possible. The first is with Durama Enterprises Limited (“Durama”) which is owned by Randy Studer the sole officer and director of MMI. If MMI can complete the reverse takeover transaction, MMI will sell the Majesta Mineral Claims (described below) to Durama in exchange for the debts owing by MMI which are not paid or settled as part of the reverse takeover. Because this involves the sale of all of the assets of MMI, the shareholders will be asked to approve the sale. Shareholders holding 8,020,358 of the 10,228,156 common shares (representing 78.4 percent) have indicated they will approve the transaction. Because this is a non-arms length transaction the shareholders will be asked to approve the transaction on a majority of the minority basis. Excluding the 4,011,842 shares owned by Randy Studer (and related parties including Durama), shareholders holding 4,008,516 shares of the remaining common shares (representing 64% ) have indicated their approval of the transaction. As such the transactions will be approved by the shareholders. Minority shareholders will be provided dissent rights under the Business Corporations Act (Alberta). MMI has obtained an order of the Court of Queen’s Bench of Alberta (Action 1701 17283) to abridge certain time period for holding the meeting and prescribing the rights of the minority shareholder who wish to exercise their rights of dissent. The Court has also waived the requirement to mail the meeting materials to the beneficial shareholders who hold their shares through CDS Inc. or a broker. These shareholders were shareholders of Hodgins Auctioneers Inc. and acquired their shares upon completion of the Plan of Arrangement dated October 21, 2015. Meeting materials will be filed on www.sedar.com. In the meantime, MMI continues to look for funds to continue its exploration program for the Majesta Mineral Claims.

Claim information

MMI owns 100% of Majesta Mineral Claims (S113960, S113961, S113962, S113963, S113964, S110715, S110717, S111627 and S112322) which total 28,408 hectares (70,197 acres). The mineral claims and such other rights attributed to a “claim” as defined by Part VI the Mineral Tenure Registry Regulations (Saskatchewan) Chapter C-50.2 Regulation 27 (effective December 1, 2012)(as amended by Saskatchewan Regulation 70/2013) promulgated under the Crown Minerals Act (Saskatchewan) Chapter 50.2 (subject to any transitional provisions contained in The Mineral Disposition Regulations 1986 (Saskatchewan).

Claim Number

Claim Name

Size (Ha)

Annual Assessment

S-110715

South Wheeler River Area

3495

$52,425

S-110717

Seager Lake Area North

5186

$77,790

S-111627

Lasky Lake Area

2334

$35,010

S-112322

Orchid Lake Area

4185

$62,775

S-113960

Laszchuk Lake Area

1402

$21,030

S-113961

Seager Lake Area South

4046

$60,690

S-113962

Dunsmore Lake

2359

$35,385

S-113963

Laverdiere Creek

3779

$56,685

S-113964

Huston Lake

1622

$24,330

28408

$426,120

Additional information related to the Corporation may be found on the Canadian Securities Administrators System for Electronic Distribution and Retrieval (“SEDAR”) website at www.sedar.com. MMI has filed a National Instrument 43­ 101 report of Andrew Gracie dated November 25, 2016 on www.sedar.com on March 3, 2017. Andrew Gracie is the qualified person responsible for the technical information in the report. Further information may be obtained on the website at www.majestaminerals.com

For further information:

Randy Studer

Majesta Minerals Inc.

Address: 132 Finlayson Street

Box 1080

La Ronge, Saskatchewan S0J 1L0

Tel: (306) 425-3711

Fax: (306) 425-2535

Email: randytstuder@gmail.com

Website: www.majestaminerals.com

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