NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN


Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX VENTURE:MJX)
announces that it has completed a non-brokered private placement by issuing
3,150,000 units of the Corporation for gross proceeds of $189,000. Each Unit
consisted of (i) one common share (the "Common Shares") of the Corporation at a
price of $0.06 per Common Share and (ii) one common share purchase warrant (the
"Warrants"). Each Warrant entitles the holder thereof to acquire one additional
common share in the capital of the Corporation at a price of $0.12 per common
share for a period of eighteen (18) months. All securities issued in the private
placement are subject to a four-month hold period expiring on August 2nd, 2014.
The proceeds from the issuance of the units will be used for general working
capital.


In connection with the private placement of the units, the Company will pay a
cash finder's fee of $15,600 (10% on gross proceeds raised, excluding Directors'
participation), and issue 260,000 agent's options (10% of the Units issued,
excluding Directors' participation), exercisable at the issue price for a period
of eighteen (18) months from the closing date.


Some of the Directors of the Corporation participated in the private placement
for a total of $33,000.


The private placement and the payment of the finder's fees are subject to
receipt of applicable regulatory approvals including acceptance of the TSX
Venture Exchange (TSX-V).


In Other News:

Re-pricing of Share Purchase Warrants

The Company announced that, subject to regulatory approval, it has agreed to
re-price the following previously issued share purchase warrants:




 Number of warrants    Exercise        Revised            Issue Date       
                         Price         Exercise                            
                          ($)          Price ($)                           
---------------------------------------------------------------------------
       750,000         0.50/1.00      0.10/0.10       August 9, 2013 &     
       750,000         0.50/1.00      0.10/0.10       September 9, 2013    
---------------------------------------------------------------------------
       200,000            1.00           0.10            May 17, 2013      
---------------------------------------------------------------------------
       30,000             1.00           0.10           June 25, 2013      
---------------------------------------------------------------------------



In accordance with the policies of the TSX-V, if the Company's common shares
trade at a closing price of $0.1333 or higher for ten consecutive trading days,
the exercise period of the Warrants will be shortened to a period of 30 days
commencing one week after the final such trading day.


Brauna Diamond Project - Addendum to Option Agreement

Also, in other news, on March 30, 2014, the Company and its former JV partners
on the Brauna Diamond project in Brazil signed an addendum to the September 20,
2013 Option Agreement (refer to Majescor news release dated October 1, 2013
available at www.majescor.com or at www.sedar.com). The terms of the Addendum
stipulate that the purchase by the former JV partners of the Company's remaining
0.5% interest in the original 1% diamond royalty shall take place by September
30, 2014.


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 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, 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