Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

March 30, 2006 09:40 ET

Majescor Extends Remick by 900 m: Dyke Remains Open at Both Ends

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2006) - Majescor Resources Inc. (TSX VENTURE:MAJ) and joint venture partner Forest Gate Resources (TSX-V: FGT) are pleased to announce continued success with results from the winter drilling campaign on the Portage property located directly adjacent to Ashton/SOQUEM's Foxtrot project. The drill campaign, consisting of 14 holes for 760 m, was designed to delineate the northwest and southeast extension of the Remick kimberlite dyke, as well as size, shape and diamond potential. Kimberlite was intersected in 11 of the 14 holes drilled at various angles from 9 set-ups. The width of the kimberlite intersections ranged from 4 to 85 cm. The dyke was encountered at depths ranging from 20 to 43 m.

The drilling has extended the strike length of the Remick dyke 900 m to the northwest from the original 2005 discovery hole, while a possible extension was intersected 780 m to the southeast. Correlation in the southeast area requires more drilling as two different dykes were intersected. The Remick dyke remains open in both directions along strike and the geophysics suggests its presence for at least another 100 m to the northwest and as much to the southeast.

2005 Sampling program: To date, only 50% of the results have been received for the glacial sediment samples collected in the fall of 2005. The material is being processed at Overburden Drilling Management's laboratory in Ottawa. Complete results are expected by the end of May. The samples were collected in order to better define a number of dispersal trains across the property and to check anomalous, but isolated, sites from previous campaigns. Laboratory results are also pending for experimental lake-bottom sediment sampling program carried out near the Remick dyke, and at the head of known indicator mineral dispersion trains, in concurrence with the drilling.

The final design of the follow-up exploration program will be established once the full results have been received. An expanded ground geophysical survey along the Remick kimberlite dyke is currently at the planning stage.

Marc-Andre Bernier, President and CEO stated: "Majescor is very pleased with the advancement of the Portage project since partnering with Forest Gate. We need to continue focusing on the Remick dyke and test it along its length as kimberlite dykes can be variable in grade along strike as suggested by numerous examples world-wide, including Ashton/SOQUEM's Lynx system. The Remick dyke has never been exposed on surface and only 136 kg of kimberlite float lying down-ice have been processed for diamond recovery. The discovery of diamond-bearing rocks at two widely spaced locations at Portage continues to indicate that the property as a whole is highly prospective for diamonds. Systematic ground work is just starting, and there is potential for more discoveries."

NWT: Carat and Kelsey projects: In other news, Majescor had advised both Tyler Resources Inc. and Diamondex Resources Ltd. that it has elected not to continue contributing to the Carat and Kelsey joint venture in the Northwest Territories.

This press release was prepared by Jacques Letendre, P.Geo, Principal Consultant and director of Majescor, acting as qualified person for the company under National Instrument 43-101.

About the Company:

Majescor is an exploration company with a large portfolio of diamond properties in Quebec, as well as projects in Nunavut, the Northwest Territories, Brazil and Madagascar.

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

This press release is available on the Majescor IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/Majescor Alternatively, investors are asked to e-mail all questions and correspondence to MAJ@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.

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

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