Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

June 23, 2011 16:30 ET

MAJESCOR Grants Stock Options

MONTREAL, QUEBEC--(Marketwire - June 23, 2011) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) announces that, on June 18, 2011, in accordance with the Company's compensation policy and stock option plan, the Board of Directors granted 950,000 stock options to Officers for a five-year period and 250,000 stock options to an employee and Consultants for twenty-four months. Each stock option entitles the holder to subscribe for one common share of Majescor at a price of $0.25 per share.

About Majescor Resources Inc.

Majescor is a junior explorer focusing on emerging mineral districts. Majescor's project portfolio includes the SOMINE copper-gold property in Haiti (majority-held by SIMACT Alliance Copper-Gold Inc., a wholly-owned subsidiary of Majescor), the Mistassini uranium exploration project in Quebec (under joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) and the Besakoa gold and base metal property in Madagascar (100%-owned; under option to Sunridge Gold Corp.).

To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com.

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

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.

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