Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

August 15, 2008 15:55 ET

Majescor Announces Warrant Extension

MONTREAL, QUEBEC--(Marketwire - Aug. 15, 2008) - Majescor Resources Inc. ("Majescor" or "the Company") (TSX VENTURE:MAJ) announces that, subject to regulatory approval, the Company will extend for a one year period the expiry date of 7,847,310 common share purchase warrants (the "Warrants") scheduled to expire on August 31, 2008.

The Warrants were issued pursuant to a private placement conducted by the Company in August of 2006 for gross proceeds of $1,562,250. A total of 12,017,310 Warrants were issued as part of the private placement, 7,847,310 of which remain to be exercised. Company insiders held 200,000 Warrants at the time of the placement. Each Warrant entitles the holder thereof the right to purchase one common share of Majescor at a price of $0.20 and will expire on August 31, 2009.

Majescor is a dedicated uranium explorer focusing on emerging uranium districts. Majescor's project portfolio includes four uranium exploration projects in Quebec and one in the Baker Lake basin in Nunavut. The Quebec properties include South Rae and West Minto (under option from Azimut Exploration Inc.); Mistassini (100%-owned; under option to Strateco Resources Inc.); and Lac Laparre (100%-owned; under option to Santoy Resources Inc. and Otish Energy Inc.). In Nunavut, the Company holds 100% mineral rights to the Baker Lake uranium property. All five Majescor uranium properties will undergo systematic ground exploration in 2008 with the aim of testing high-priority geophysical, geochemical or prospecting targets outlined in 2007.

On behalf of the Board of Directors of Majescor Resources Inc.,

Marc-Andre Bernier, President, CEO and Director

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

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