Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE:MJX) is
pleased to announce that the TSX Venture Exchange ("TSX-V" or the "Exchange")
has approved the consolidation of the Company's common shares ("Common Shares")
on a basis of one (1) post-consolidation Common Share for each ten (10)
pre-consolidation Common Shares (the "Consolidation") and has no objection to
the Common Shares trading on a post-consolidated basis effective at the opening
of market on November 7, 2013 under the new CUSIP number CA760960302. The number
of Common Shares of the Corporation issued and outstanding will be reduced from
92,044,410 shares to 9,204,441 shares.


At the Annual and Special Meeting of shareholders held on October 17, 2013, the
shareholders voted to approve 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). 


Letters of transmittal with respect to the Consolidation have been mailed out to
all registered shareholders by the Company's transfer agent, Computershare
Investor Services Inc. ("Computershare"). The letter of transmittal describes
the process by which registered shareholders may obtain new certificates
representing consolidated Common Shares and all registered shareholders of the
Company will be required to send their certificates representing
pre-Consolidation Common Shares with a properly executed letter of transmittal
to Computershare, in accordance with the instructions provided in the letter of
transmittal. No fractional Common Shares will be issued. Where the Consolidation
results in a fractional Common Share, the number of post-Consolidation Common
Shares will be rounded down to the nearest whole Common Share. Shareholders who
hold their Common Shares through a broker or other intermediary and do not have
Common Shares registered in their name will not need to complete a letter of
transmittal.


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 (i)).


(i) Mineral resources are not mineral reserves and do not have demonstrated
economic viability. 


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