Michael Stein Announces Acquisition of Shares in Majesta Minerals Inc.

Toronto, Ontario--(Newsfile Corp. - October 29, 2018) - - Effective October 24, 2018 WFE Investments Corp. ("WFE"), a company controlled by Mr. Michael Stein, acquired control, in trust, over 269,635 common shares (the "Purchased Shares") in the capital of Majesta Minerals Inc. (the "Corporation"), pursuant to the exercise of 269,635 stock options, each option exercisable at a price of $0.03 per common share (the "Exercise"). Immediately following the Exercise, WFE sold 250,000 common shares of the Corporation at a price of $0.03 per common share in a private transaction (the "Disposition").

Prior to the acquisition of the Purchased Shares, WFE held 4,853,868 common shares and 1,269,635 stock options of the Corporation representing approximately 34.88% of the Corporation's issued and outstanding common shares on an undiluted basis. Following the acquisition of the Purchased Shares and the subsequent Disposition, Mr. Stein has indirect ownership through WFE of 4,873,503 common shares and 1,000,000 stock options representing approximately 33.72% of the issued and outstanding common shares of the corporation on a partially diluted basis.

The Purchased Shares were acquired for investment purposes. In the future, Mr. Stein may, depending on market and other conditions, increase or decrease his beneficial ownership of the securities of the Corporation.

For further information please contact:

Michael Stein
Tel: 416-816-9690