Majescor Announces 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)
announces a non-brokered private placement (the "Offering") by issuing 300,000
units (the "Units") at a price of $0.05 per Unit for gross proceeds of $15,000.
Each Unit will consist of one (1) common share of the Corporation (a "Common
Share") and one common share purchase warrant (a "Warrant"). Each whole warrant
will entitle its holder to acquire one additional Common Share (a "Warrant
Share") of the Corporation at a price of $0.10 per Warrant Share. The warrants
will expire twenty-four months from the date of issue. 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 Company may
give the holder a written notice and the Warrants will automatically expire, if
not exercised, 30 days after receipt of such notice. Officers and Directors of
the Corporation will participate in the Offering.


The Offering is expected to close on, or about June 26, 2013. The securities
issued under the Offering will be subject to a four month holding period under
applicable Canadian securities laws. The Offering is subject to the Exchange
approval.


Proceeds from the Offering will be used for general working capital requirements.

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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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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