Majescor Announces Re-Pricing of its Private Placement Offering Previously Announced Under Temporary Relief Measures

Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX),
announces the re-pricing of its non-brokered private placement (the "Offering")
previously announced on July 30, 2013 from $0.02 to $0.01 per unit (each, a
"Unit"), subject to the approval of the TSX Venture Exchange (the "Exchange").


The Offering is therefore for up to 15,000,000 Units to raise up to $150,000.
Each unit will consist of one common share and one share purchase warrant (a
"warrant"). Each warrant will entitle the holder thereof to purchase one
additional common share of the Company for a period of 2 years at a price of
$0.05 per share in year one and $0.10 per share in year two. 


The pricing of the Offering is in reliance on the temporary relief measures
established by the Exchange, and therefore the Offering and pricing of the
Offering require approval of the Exchange having regard to the temporary relief
criteria set out in the Exchange's bulletin of April 12, 2013, in relation to
the extension and modification of temporary relief from certain pricing
requirements (the "Temporary Relief Measures").


The shares to be issued with respect to the Offering will be subject to a
four-month hold period in accordance with applicable Canadian Securities Laws.


Completion of the Offering is subject to regulatory approvals, including
approval of the Exchange under Temporary Relief Measures. 


The Offering has been approved by Majescor's board of directors, none of which
has a direct interest in the Offering.


Proceeds from the Offering will be used toward payment of existing accounts
payable and for working capital purposes.


On Behalf of the Board of Directors of Majescor.

Daniel Hachey, President & CEO

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral
districts. Majescor's portfolio of exploration projects includes the Besakoa
gold, base metal and graphite property in Madagascar (50%-50% joint venture with
Sunridge Gold Corp.; On April 30 2013, Majescor entered into a non-binding
Letter Agreement with Olympic Resources Ltd. ("Olympic") and Sunridge Gold Corp.
("Sunridge") whereby the Company and Sunridge agree to sell their respective 50%
interest in Daraina Exploration S.A.R.L. to Olympic) and the Mistassini uranium
exploration project in Quebec (under joint-Venture: 40 % Majescor and 60%
Strateco Resources Inc.). In the Republic of Haiti, Majescor, through its
100%-held subsidiary Simact Alliance Copper-Gold Inc., holds a majority interest
SOMINE SA, a registered Haitian Company. SOMINE SA in turn holds 100% mineral
rights to the Douvray porphyry copper-gold project and the Faille B gold project
located in the Northeast mineral district of Haiti, near the port-city of
Cap-Haitian. The Douvray and Faille B projects are each covered by a five-year
renewable Mining Exploitation Permit awarded to SOMINE SA on December 21, 2012
and are collectively covered by a Mining Convention executed with the State of
Haiti on May 5, 2005 and valid until March 9, 2020. On January 15, 2013,
Majescor published the first NI 43-101 compliant mineral Resource estimate for
the Douvray porphyry copper-gold project (Inferred Mineral Resource of 189.5 Mt
grading 0.30% Cu, 0.05 g/t Au, 1.12 g/t Ag and 23.05 g/t Mo at a base cut-off of
0.1% Cu).


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, or contact us directly.


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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