Majescor Resources Inc.: Resolutions Approved at the Shareholder's Annual and Special Meeting

Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE:MJX) held its
Shareholders' annual and special meeting on October 17th, 2013 in Ottawa at
11:00 a.m. The Company is pleased to announce that:




a.  the Directors of the Corporation are: Mr. Marc-Andre Bernier, Mr.
    C.Tucker Barrie, Mr. Andre Audet, Mr. Jean-Guy Lacasse, and Mr. Peter F.
    Chodos; 
b.  the firm of Raymond Chabot Grant Thornton LLP was appointed for another
    year as Auditors of the Corporation; 
c.  the "rolling" stock option plan was approved; and
d.  the shareholders have approved the consolidation of the Company's common
    share capital on the basis of one (1) post-consolidation common share
    for every ten (10) pre-consolidation common shares held (subject to
    exchange acceptance); the number of Common Shares of the Corporation
    issued and outstanding will be reduced from 92,044,410 shares to
    9,204,441 shares. 



It is the Board of Directors' opinion that the Corporation's existing issued and
outstanding Common Share structure is not conducive to securing additional
equity financing and that a restructuring is warranted in order to facilitate
attracting new investments to the Corporation. Implementing the restructuring
process in a timely manner will also put the Corporation in a much stronger
position to take advantage of potential value-added opportunities.

The Company has not changed its name as a result of the consolidation.

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

Majescor Resources Inc. (TSXV:MJX)
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