Majescor Announces the Closing of a Non-Brokered Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN


Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX VENTURE:MJX) is
pleased to announce that it has completed a non-brokered private placement by
issuing 2,000,000 units (the "Units") at a price of $0.05 per Unit for gross
proceeds of $100,000. Each Unit consists of one (1) common share of the
Corporation (a "Common Share") and one common share purchase warrant. Each whole
warrant entitles its holder to acquire one additional Common Share of the
Corporation at a price of $0.10 per share until May 17, 2015. The Warrants are
subject to an accelerated expiry if the published closing trade price of the
common shares on the TSX Venture Exchange Inc. (the "Exchange") is equal or
greater than $0.20 for a period of 10 consecutive trading days any time after
the expiry of the four (4) month resale restriction period, in which event the
Corporation may give the holder a written notice and the Warrants will
automatically expire, if not exercised, 30 days after receipt of such notice. 


The proceeds from the Offering will be used for surface work on the SOMINE
project in Haiti and for general working capital requirements.


All securities issued in the Offering will be subject to a four month hold
period and regulatory approval.


About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor.
SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation
holding 100% of the mineral rights to the SOMINE project which is comprised of
two Mining Exploitation Permits (Faille (gold) and Douvray (Copper-Gold)).
SOMINE SA has designated SACG as the Technical Operator of the SOMINE project
exploration programme.


About Majescor Resources Inc. 

Majescor Resources Inc. is a junior explorer focusing on emerging mineral
districts. In addition to the SOMINE project, Majescor's project portfolio
includes the Mistassini uranium exploration projects in Quebec (under
Joint-Venture: 40% Majescor and 60% Strateco Resources Inc.) the Besakoa gold
and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold
Corp.).


To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT
Alliance Copper Gold Inc., the SOMINE copper- gold project as well as the
Company's Mistassini uranium and Besakoa copper/gold properties, please visit
our website at www.majescor.com.


Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which
reflect Management's expectations regarding the Company's future growth, results
of operations, performance and business prospects and opportunities. These
statements reflect Management's current beliefs at the time of this news release
and are based on information currently available to Management. All statements
other than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Majescor Resources Inc.,
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from Management's expectations are exploration risks detailed herein
and from time to time in the filings made by the Company with securities
regulators.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Majescor Resources Inc.
Daniel Hachey
President & CEO
905.206.1604
613.241.7817 (FAX)
dan@majescor.com
www.majescor.com

Majescor Resources Inc. (TSXV:MJX)
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