Majescor Announces Sale of 1% Royalty on Brauna Diamond Project

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW


Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX VENTURE:MJX)
announces the signing on September 30, 2013 of an Option Agreement with the
joint venture partners (the "Purchasers") of the Brauna diamond property (the
"Property") located in the State of Bahia, Brazil, to purchase the Corporation's
1% Gross Sales Royalty (the "Royalty") on the Property. Majescor had been
granted the Royalty on the Property pursuant to a share purchase agreement
executed on March 1, 2007 between Majescor and Vaaldiam Resources Ltd., the
former owner of the Property (See Majescor Press Release dated February 15, 2007
at www.majescor.com). 


Under the Option Agreement, Majescor hereby grants the Purchasers until March
31, 2014 the sole and exclusive irrevocable right and option (the "Option") to
acquire the Royalty, in accordance with the following terms: (a) In order to
acquire a 0.25% interest in the Royalty, the Purchasers shall pay $125,000 to
Majescor on the effective date of the Option Agreement, upon which payment the
Purchasers shall have acquired a 0.25% interest in the Royalty; (b) In order to
acquire an additional 0.25% interest in the Royalty, the Purchasers shall pay an
additional $125,000 to Majescor on or before December 31, 2013, unless otherwise
extended by the parties under the Option Agreement, upon which payment the
Purchasers shall have acquired a 0.50% interest in the Royalty; (c) Upon the
Purchasers having completed the purchases above and having respected other terms
and conditions outlined in the Option Agreement, in order to acquire the
remaining 0.50% interest in the Royalty, the Purchasers shall pay an additional
$250,000 to Majescor on or before March 31, 2014, upon which payment the
Purchasers shall become the beneficial and legal owner of 100% of all of
Majescor's right, title and interest in, to and under the Royalty. The Option
may be exercised partially or in full, and, if exercised only partially, the
Purchasers shall, for greater certainty, remain the legal and beneficial owners
of any interest in the Royalty acquired pursuant to payments made in accordance
with the provisions of the Option Agreement.


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 southern 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 SARL to Olympic); 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).


On Behalf of Majescor Resources Inc.,

"Marc-Andre Bernier", M.Sc. P.Geo. (Quebec and Ontario)

President & Interim CEO

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.


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: 
Marc-Andre Bernier
President & Interim CEO
Majescor Resources Inc.
418-770-1595
613.424.5682 (FAX)
Marc-andre@majescor.com
www.majescor.com
Majescor Resources Inc. (TSXV:MJX)
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