Majescor Resources Inc.: Shares Issued to SIDEX

MONTREAL, QUEBEC, Jul 30 (MARKET WIRE) --
Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE: MJX)
announces that, subject to TSX Venture Exchange approval, the Company
will issue 36,018 common shares at deemed price of $0.248 per share to
Societe d'investissement dans la diversification de l'exploration ("SIDEX
Limited Partnership") representing the interest due as of July 25th,
2009, pursuant to the private placement of unsecured convertible
debenture of $150,000 to SIDEX Limited Partnership on January 25, 2007.
The debenture will mature on January 25, 2010 and bears interest at the
rate of 12% per annum, payable semi-annually either in cash or in shares.

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). Recently, Majescor signed an agreement with SIMACT
Alliance Copper Gold Inc. ("SACG") and its principal shareholders whereby
the Company has acquired a 10% interest in SACG, as well an option to
acquire the remaining 90% interest in the SOMINE copper-gold property in
north-east Haiti.

On behalf of the Board of Directors of Majescor Resources Inc.,

Marc-Andre Bernier

President, CEO and Director

To find out more about Majescor Resources Inc. (TSX VENTURE: MJX), please
visit our new 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
13-241-8632 (FAX)
marc-andre@majescor.com
www.majescor.com

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