Majescor to Acquire Interest in a Strategic Gold-Copper Property in Haiti

MONTREAL, QUEBEC, Apr 23 (MARKET WIRE) --
Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE: MJX)
is pleased to report that it has signed an agreement (the "Agreement")
with SIMACT Alliance Copper Gold Inc. ("SIMACT") and its principal
shareholders (the "Principals") whereby the Company will acquire a 10%
interest in SIMACT, as well an option to acquire the remaining 90%
interest. SIMACT, through its 66.4%-owned Haitian affiliate mining
company, Societe Miniere du Nord-Est S.A. ("SOMINE"), controls a property
with both gold and copper potential, (the "SOMINE Property") located in
the North-East mineral district of Haiti. The SOMINE Property lies within
a highly prospective volcanic arc environment, host to numerous
epithermal gold and porphyry copper occurrences in Haiti, as well as the
World-Class Pueblo Viejo gold deposit in the adjacent Dominican Republic.
The property holds the historical Blondin and Douvray copper-gold
prospects; the historical Faille-B gold prospect; along with a number of
recently-discovered copper-gold showings.

Marc-Andre Bernier, President and CEO of the Company states: "Majescor
has an established, ten-year long tradition of exploring emerging mineral
districts. The deal with SIMACT and its Principals offers a new and
unique opportunity for the Company to participate in the evaluation and
development of a key property located in the prospective Massif-du-Nord
volcanic complex of north-east Haiti. We believe that the time is right
to invest in Haiti and in projects with gold and copper potential. Gold
has remained a steady commodity in this economic downturn while copper
has just hit a 6-month high. Not only does the SOMINE Property contain
three historical copper and gold occurrences, the mineral rights of which
are secured under a mining convention with the State, but it is
surrounded by ground recently acquired by Eurasian Minerals Inc. and
partner Newmont Ventures Ltd. Majescor intends to fast-track the
development of the SOMINE Property through further quantification of the
three known prospects and the drill testing of new geological targets and
ground showings."

SIMACT and SOMINE

SIMACT is a Montreal-based private company headed by a group of Canadian
financiers and Haitian-American developers. The alliance aims to promote
sustainable mineral development initiatives in Haiti by creating
synergies between the Canadian financial and mining communities and the
North American Haitian Diaspora.

SIMACT holds title to 66.4 % of all the issued and outstanding shares of
SOMINE, a company incorporated under the laws of the Republic of Haiti.
SOMINE in turn, has 100% title to the SOMINE Property. SOMINE's mineral
rights and obligations have been assigned under a mining convention
executed with the State of Haiti on May, 5, 2005 (the "Mining
Convention"), which covers a 50 km2 Research Permit and is valid until
March 9, 2010, and under a Prospecting Permit awarded in 2006. The
Prospecting Permit, which encompasses four areas lying to the East, South
and Southeast of the permit subject to the Mining Convention, expired in
December 2008. SOMINE has requested the conversion of the Prospecting
Permit into a Research Permit and has filed all technical and source
documents in support of its application with the Haitian Bureau of Mines
and Energy. The Research Permit is pending.

The Principals of SIMACT own approximately 80% of SIMACT's issued and
outstanding common shares.

Terms of the Agreement

The terms of the Agreement with SIMACT and the Principals can be
summarized as follows:

(i) Majescor will acquire from the shareholders of SIMACT 10% of all the
issued and outstanding common shares of SIMACT, the whole in
consideration of the issuance to all SIMACT shareholders, on a
proportionate basis, of 2,000,000 treasury common shares of Majescor,
This initial acquisition by Majescor is subject to, among other things:
(1) a satisfactory technical and legal due diligence on SIMACT, SOMINE
and the SOMINE Property, (2) all SIMACT shareholders accepting to be
bound by the terms of the Agreement and (3), all legal and regulatory
approvals.

(ii) Concurrently with the initial acquisition by Majescor, SIMACT and
the Principals have agreed to grant Majescor an option ("the Option"),
the whole in consideration of an option payment of $200,000 to SIMACT (of
which a non-refundable payment of $25,000 has been paid by Majescor on
the date of execution of the Agreement) and the carrying out by Majescor
of $600,000 in exploration work and other related expenses on the SOMINE
Property within 8 months following the execution of this Agreement, to
purchase all the remaining SIMACT shares and other securities of SIMACT,
if any, held by the current SIMACT shareholders, in consideration for the
issuance of 10,000,000 treasury common shares of Majescor to be issued to
all current SIMACT shareholders on a proportionate basis. This Option,
which is also subject to complete and satisfactory due diligence, may be
exercised by Majescor within 12 months from the date hereof. The Company
is not obliged to exercise the Option, nor will it have any right to
exercise the Option prior to incurring the required work expenses
referred to above.

SIMACT is the operator of the SOMINE Property. The 2009 exploration
program for the property, which has been approved by Majescor, calls for
core drilling of one or more of the historical prospects, as well as of a
number of the recently outlined geological targets and surface gold and
copper showings. Majescor may pay to SIMACT any balance of the $600,000
in work expenditures not yet incurred in lieu of incurring such work
expenditures. As the Option may constitute a Reverse Take Over within the
meaning of the policies of the TSX Venture Exchange (the "Exchange"), the
Company will need to obtain all required regulatory and shareholder
approvals before exercising the Option.

(iii) Furthermore, in the event that within a period of two years
following the exercise of the Option, a NI 43-101 technical report (the
"Report") prepared by an independent and accredited reputable engineering
or geological consulting firm determines indicated mineral resources on
the SOMINE Property to be between 1,000,000 and 2,000,000 ounces of gold,
or its equivalent in copper, Majescor shall, within 30 days of the
report, issue an additional 3,000,000 common treasury shares to current
SIMACT shareholders. In the event that the indicated mineral resources on
the SOMINE Property are determined by the Report to be equal to or
greater than 2,000,000 ounces of gold or its equivalent in copper,
Majescor shall, within 30 days of the Report and in addition to the
3,000,000 common shares mentioned hereinabove, issue another 3,000,000
common treasury shares to current SIMACT shareholders. These additional
issuances of common shares will also be subject to all required corporate
and regulatory approvals.

The Agreement with SIMACT has been approved by all the directors of
Majescor, with the exception of Andre Audet, Chairman of Majescor, who
declared his interest as a shareholder and director of SIMACT and as such
did not participate in the vote.

Regional Geology and Historical Prospects

The SOMINE Property area corresponds to a volcanic arc of Meso-Cenozoic
Age that can be traced from Central Cuba through the Dominican Republic
and forms part of the NW-trending Mountains of the Massif-du-Nord group.
This group is composed mainly of volcanic tuffs and lavas from the
volcanic belt, ranging in composition from felsic, through intermediate,
to mafic and ultramafic rocks. The belt is composed of numerous
lenticular bodies of lava and pyroclastic material of felsic composition,
varying from dacite to rhyolite, embedded in a thick series of
predominantly mafic volcanoclastic rocks, mainly andesite with lesser
amounts of basalts, with numerous intercalations of diverse sedimentary
rocks, like radiolarian cherts, carbonate rocks, and tuffs.

Copper and gold are the two main ore types in the area. Copper is usually
found associated with the porphyritic facies, the microtonalitic
apophyses, and the silicified zones, filling fissures and fractures, as
well as disseminated. Within the quartz vein systems, the copper is
contained in the chalcopyrite, while the gold appears both as native gold
and as a very fine disseminated gold in the sulphide zone. It can also
form spectacular concentrations on the oxidised cap. The native gold is
usually found associated with chlorite, as well as in grains of pyrite
and chalcopyrite. A second generation of gold is usually found associated
to the quartz and the chlorite. The gold content is extremely variable.

The SOMINE Property holds the historical Blondin and Douvray copper-gold
prospects; the historical Faille-B gold prospect, as well as a number of
recently-outlined geochemical and geophysical targets and surface
gold-base metal showings that have not yet been drill tested. The
Blondin, Douvray and Faille-B prospects have been known since the 1970's
and 1980's when they were investigated in some detail by foreign
bilateral and multilateral agencies, in particular the United Nations
Development Program ("UNDP"), the German Bundesanstalt fur
Geowissenschaften und Rohstoffe ("BGR") and the French Bureau de
Recherches Geologiques et Miniere ("BRGM"). A series of geochemical and
geophysical surveys were carried out on the SOMINE Property. Drilling,
trenching, mapping and soil sampling were also performed, as well as
metallurgical studies. More recently (1995-2006), the three prospects
were investigated by a consortium of Canadian junior mining companies.

The Douvray, Blondin and Faille-B prospects were reviewed by R. Valls of
Valls Geoconsultant in 2004 as part of a NI 43-101 qualifying report
written by on behalf of Ste-Genevieve Resources Ltd. (acquired by
Ascendant Copper Corp., now Copper Mesa Mining Corp.). This report,
entitled "Technical Report of the Geology and Mineral Resources of the
Douvray - Blondin - Faille B Copper and Gold Prospects in Haiti" is
available at www.SEDAR.com. At Douvray, the German BGR completed a total
of 38 diamond drill holes in 1980. An additional 22 holes were drilled at
Douvray in the late 1990s. For Blondin, the bulk of the exploration work
appears to have been carried out in the 1970's by the UNDP (8 drill holes
totalling 1,500 m). Results from a number of grab samples collected by R.
Valls returned values ranging from 1.19 to 8.14% Cu for Douvray and from
1.55 to 10.42% Cu for Blondin.

The Faille-B gold prospect was investigated under the UNDP's Revolving
Fund for Natural Resources Exploration (1982-1987) with 31 holes drilled
over a strike-length of 1.8 km. In the course of a trenching campaign
carried out in 2007 by SIMACT on the East and West extensions of the
Faille-B prospect, significant values were encountered locally, one vein
averaging 42.7 g/t Au over 6 m, including values of 107.5 g/t Au over one
meter, 61.4 g/t Au over one meter and 41.2 g/t Au over one meter (see
Diagnos Inc press release, October 30, 2007). The Faille-B prospect
coincides with a major NW-trending structural lineament which extends
through to the Blondin copper prospect.

Field work carried-out by SIMACT elsewhere on the SOMINE property in 2007
focussed on new geological base metals targets. Five grab samples on one
of the targets returned copper values of 7.46, 6.21, 9.51, 0.10 and 6.69%
Cu respectively. The target represents an outcrop which is highly
mineralised over some 20 meters in length and one meter thickness (see
Diagnos Inc. press release dated February 29, 2008).

Majescor is a junior explorer focusing on emerging mineral districts.
Majescor's project portfolio includes two uranium exploration projects in
Quebec and one in the Baker Lake basin in Nunavut. The Quebec properties
include Mistassini (100%-owned; under option to Strateco Resources Inc.)
and Lac Laparre (100%-owned; under option to Santoy Resources Inc.). In
Nunavut, the Company holds 100% mineral rights to the Baker Lake uranium
property. In addition to uranium, Majescor owns 100% mineral rights to
four gold and base metal properties in Madagascar (under option to
Sunridge Gold Corp.), as well as 100% mineral rights to the Mirabelli
gold and base metal property in Quebec.

This press release was approved by Jacques Letendre, P.Geo, Director of
Majescor, acting as the "Qualified Person" for the Company under National
Instrument 43-101.

To find out more about Majescor Resources Inc. (TSX VENTURE: MJX), 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.

Contacts:
Majescor Resources Inc.
Marc-Andre Bernier
President & CEO
613-241-5333
613-241-8632 (FAX)
marc-andre@majescor.com

Majescor Resources Inc.
Andre Audet
Chairman
613-241-5333
613-241-8632 (FAX)
andre@majescor.com
www.majescor.com

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