Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

October 31, 2005 12:03 ET

Majescor Resources Updates its Canadian Diamond Exploration Projects

MONTREAL, QUEBEC--(CCNMatthews - Oct. 31, 2005) - Majescor Resources Inc. (TSX VENTURE:MAJ) gives the following update on some of its active projects in Canada:

QUEBEC

Portage (100% Majescor; Forest Gate has an option to earn a 55% interest)

A glacial sediment sampling campaign was completed in September-October which generated a total of 1,087 samples. The bulk of the samples (939) was collected so as to better define some 17 dispersion trains located across the property, and also, to check some 8 anomalous, but isolated, sites from previous campaigns. The remainder of the samples were regional in nature, targeting areas of low sampling density. The bulk of the results from the follow-up is expected by mid-March, i.e., in time for a spring ground geophysics/test-drilling campaign.

In other news, petrographic studies have confirmed that the kimberlite sill intersected in drilling last spring is most probably the source of the diamond-bearing float discovered late last year.

Lac Laparre (100% Majescor; Dunsmuir Ventures Ltd. has an option to earn a 50% interest)

Ground magnetometry was carried out by the partners in September on 10 of the higher priority geophysical targets selected from a high-resolution magnetic survey flown earlier over the Lac Laparre project area which is located some 60 km southeast of Portage, in the Otish Mountains proper. A number of anomalies were assigned a high rating because of the locally subdued magnetic background (this is due to its location in the Otish sedimentary basin of Proterozoic age, the preserved thickness of the sediments suggesting that larger, less eroded kimberlites could be present in the sector). Results of previous glacial sediment sampling campaigns indicated the presence of two distinct source areas based on mineral chemistries and assemblages, and the selected anomalies targeted both sectors. Additional ground geophysics will be carried out on the best four anomalies, prior to their test-drilling next spring.

Nottaway (100% Majescor)

With the most recent campaign having defined a dispersion train characterized by elevated indicator mineral counts (over 100) and the presence of fragile mantles on garnet as well as ilmenite, detailed ground geophysics is slated for next winter over an area covering the head of the dispersement train. A RC drilling campaign designed to both test any priority anomaly generated by the survey, and detect additional dispersion trains in basal till should be launched shortly thereafter. The geological setting of the Nottaway project has similarities to that of the Attawapiskat kimberlite cluster, notably its location on the periphery of a Paleozoic sedimentary basin and the mineral chemistry of the indicator minerals.

North West Territories

Upper Carp Lake (Majescor has an option to purchase the property from De Beers)

Detailed ground geophysical surveys were recently completed on the head of two well defined dispersion trains with high interest mineral chemistry located in the Thetis Lake and McCrea River areas. The Upper Carp project lies some 100 km north of Yellowknife. The data is in the process of being reviewed in prevision for the test-drilling the highest priority targets in the winter of 2006. The completion of the ground geophysics and of a drill campaign had been planned for last spring, but unseasonably warm conditions precluded the work.

Jacques Letendre, Professional Geologist, is responsible for the conduct and design of the company's exploration programs, as well as for the quality assurance of analytical results and their verification.

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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