NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES


Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX), is
pleased to announce the closing of the second and final tranche of its
non-brokered private placement (the "Private Placement") which was originally
announced on July 30, with updates on August 8 and August 12, 2013. Gross
proceeds of the second tranche totalling $75,000 have been received in
connection with the issuance of 7,500,000 units (each a "Unit") of the Company,
at a price of $0.01 per Unit. Each Unit consists of one common share and one
share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof
to purchase one additional common share of the Company until September 9, 2015
at a price of $0.05 per share in year one and $0.10 per share in year two. 


The total gross proceeds of the two tranches were $150,000 on the issuance of
15,000,000 units.


A director of the Company subscribed for 2,500,000 units for gross proceeds of
$25,000.


The issued securities are subject to a four-month hold period in accordance with
applicable Canadian Securities Laws.


The Private Placement is being conducted In accordance with the TSX Venture
Exchange's (the "Exchange") Bulletin dated April 12, 2013 Re: Private Placements
- Extension and Modification of Temporary Relief From Certain Pricing
Requirements (the "Temporary Relief Measures"), and the Company wishes to advise
that it will use proceeds from the first tranche of the Private Placement as
follows: 




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Filing and late filing fees with Securities commissions             $ 21,000
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Private placement costs                                              $ 2,000
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Audit fees                                                          $ 13,000
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Accounting fees                                                     $ 28,288
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Agent fees                                                           $ 4,500
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Annual General Meeting costs                                        $ 20,000
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Income Tax                                                           $ 8,905
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Office rent and administration                                      $ 20,000
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Outstanding payables                                                $ 32,307
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TOTAL:                                                             $ 150,000
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The Company confirms that no funds raised as part of the Private Placement will
be used to pay any liabilities owed to any related parties of the Company. The
Offering was approved by the Company's Board of Directors.


In Other News

In a correspondence received today, the Autorite des Marches Financiers has
rescinded the Management Cease Trade Order effective August 29th, 2013.


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.


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: 
Daniel Hachey
President & CEO
Majescor Resources Inc.
905.206.1604
613.241.7817 (FAX)
dan@majescor.com
www.majescor.com