Majescor Resources Inc.

Majescor Resources Inc.

October 11, 2007 09:24 ET

Majescor & Azimut Outline 17 Anomalous Uranium Zones at West Minto, Nunavik, Quebec

MONTREAL, QUEBEC--(Marketwire - Oct. 11, 2007) - Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE:MAJ) is pleased to report the latest results on the exploration program underway at the West Minto uranium property in Nunavik, northern Quebec. Seventy-one (71) "high priority" uranium targets have been defined from airborne geophysics, forming 17 distinct anomalous zones. The property, covering 952 map-designated claims (432 km2), is under option from Azimut Exploration Inc. ("Azimut") (TSX VENTURE:AZM) whereby Majescor can acquire an interest of up to 65%.

The 2007 exploration program on the West Minto property was designed to identify and delineate Rossing-type uranium mineralisation related to elevated, district-scale uranium anomalies in lake-bottom sediments. Geo Data Solutions Inc. ("GDS") of Laval completed an airborne magnetic and radiometric survey of the property in mid-August, covering 4,610 line-km at 100 m line spacing. Geophysical consultant MB Geosolutions of Quebec-City, in conjunction with technical staff from Azimut and Majescor, have defined and categorized 71 high priority uranium targets at West Minto's Block AB, forming 17 distinct zones, after examining the preliminary airborne magnetic and radiometric data. Over 400 uranium anomalies were categorized on the West Minto property - 328 anomalies on Block AB and 79 anomalies on Block CD. An additional 34 map-designated claims were subsequently staked to protect high priority targets. The West Minto project is one of Majescor's 4 new northern Quebec uranium projects that underwent systematic exploration this summer. The Company plans to release results on all 4 projects throughout the fall as they become available.

The West Minto property is underlain by Archean tonalitic and granitic rocks straddling a narrow north-trending felsic volcanic interval composed of rhyolites, dacites and pyroclastics. Most of the anomalous uranium zones appear to be concentrated along the flanks of the felsic volcanic unit. When the final airborne geophysical data is evaluated by Majescor and Azimut, the Joint Venture partners will develop a comprehensive follow-up exploration strategy for the property.

This press release was approved by Zoran Madon, P.Geo., Majescor's Exploration Manager, acting as the "Qualified Person" for the Company under National Instrument 43-101.

Majescor Resources is a dynamic and well funded exploration company with uranium properties in Quebec's Otish Mountains, two large uranium projects in the Nunavik district of northern Quebec, as well as a significant uranium interest in the Thelon Basin of Nunavut through its ownership position in Uranium World Energy. In addition to uranium, Majescor has the largest portfolio of diamond properties in Quebec, as well as diamond projects in Nunavut and in Madagascar. Majescor has further diversified its property portfolio by recently acquiring gold and base metal properties in Quebec and in Madagascar.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for adequacy or accuracy of this release.

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