Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

January 18, 2007 08:30 ET

Majescor and Vaaldiam Announce 58 Commercial Sized Diamonds Recovered to Date From Brauna 3 Kimberlite

OTTAWA, ONTARIO--(CCNMatthews - Jan. 18, 2007) - Majescor Resources Inc. (TSX VENTURE:MAJ) (40% interest) and joint venture partner Vaaldiam Resources Ltd. (TSX:VAA) (60% interest) are pleased to report that 58 diamonds with a total weight of 7.74 carats have been recovered from 37.69 dry tonnes of kimberlite extracted from the southern lobe of the 1.7 hectare Brauna 3 pipe, located in the State of Bahia, Brazil. The five largest stones recovered weigh 1.13, 0.56, 0.49, 0.46 and 0.43 carats, respectively. The results to date suggest a diamond grade of 20.54 cpht for the southern lobe of the Brauna 3 kimberlite pipe.

Marc-Andre Bernier, President and Chief Executive Officer of Majescor states: "We are very pleased with the initial sampling results for the Brauna 3 pipe which have increased by an order of magnitude those obtained previously by De Beers. The presence of a +1 carat diamond in such a small bulk sample and the paucity of brown stones are particularly encouraging. The average diamond grade of 20.54 cpht for the mini-bulk sample is in line with our expectations and has reinforced our confidence in the economic potential of the project. We believe that the Brauna 3 pipe is possibly one of the highest grade kimberlites discovered to date in Brazil."

Of the 58 diamonds recovered from the southern lobe of the Brauna 3 pipe, 12 diamonds with an average weight of 0.43 carats represent 66.7% of the total combined weight of the diamonds recovered. Based on a preliminary assessment, 24% of the diamonds recovered exhibit octahedral crystal shapes, while 47% are either dodecahedral or modified dodecahedral shapes. The remaining diamonds, representing 29% of the parcel are either flat or broken stones. A preliminary analysis of the diamonds recovered suggest that the colour and clarity of the stones range from clear to clean white to slightly included, off-colour stones. A very small amount of brown stones (4) were recovered in this parcel. All diamonds were recovered on a 0.85 mm square mesh sieve screen. A detailed description of the diamonds will be provided upon the completion of the mini-bulk sampling program on the Brauna property.

Approximately 14 tonnes of kimberlite remains to be processed from the northern lobe of the Brauna 3 pipe. An additional 50 tonnes of kimberlite from the 1.0 hectare Brauna 7 pipe has been collected and is currently beeng processed. Results for Brauna 7 are expected by early March 2007.

The following table summarizes the combined diamond recoveries from the processing of mini-bulk samples from two vertical shafts excavated into the southern lobe of the Brauna 3 pipe. These results include those from the initial 21.5 tonnes of kimberlite processed from the southern lobe of the Brauna 3 pipe which were presented in a joint press release dated December 12, 2006.



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Sample
Grade in
Dry # of Weight Average Carats per
Sample Tonnes Diamonds in Stone 100 Dry
Numbers Processed Recovered Carats Size (ct) Tonnes
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276-280 1.773 1 0.02 0.02 1.13
281-284 1.667 3 0.53 0.18 31.80
285-287 1.278 - - - -
288-289 0.869 - - - -
290-295 2.568 3 0.17 0.06 6.62
296-300 1.950 - - - - Released
301-303 1.024 2 0.25 0.13 24.41 on
304-306 1.079 - - - - December
306-309 1.109 3 0.99 0.33 89.28 12, 2006
310-313 1.373 4 0.80 0.20 58.29
314-317 1.341 3 0.12 0.04 8.95
318-322 1.987 11 0.88 0.08 44.28
323-326 1.498 2 0.47 0.24 31.38
327-331 2.012 6 0.55 0.09 27.34
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332-334 1.012 - - - -
370-374 2.219 3 0.06 0.02 2.70
375-379 2.356 2 0.18 0.09 7.64
380-383 1.945 - - - - New
384-388 2.205 4 0.16 0.04 7.26 Results
389-392 1.569 2 0.06 0.03 3.82
393-397 1.874 4 1.44 0.36 76.84
398-404 2.985 5 1.06 0.21 35.51
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Totals 37.691 58 7.74 0.13 20.54
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This press release has been approved by Jacques Letendre, P.Geo., Principal Consultant and director of Majescor, acting as the "Qualified person" for the company under National Instrument 43-101.

Majescor Resources is an aggressive exploration company with the largest portfolio of diamond properties in Quebec, as well as projects in Nunavut, the Northwest Territories, Brazil and Madagascar. Majescor has also recently acquired new gold and base metal properties in Quebec and Madagascar.

To find out more about Majescor Resources Inc. (TSX VENTURE:MAJ), visit our website at www.majescor.com.

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

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