Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

December 12, 2006 08:34 ET

Majescor and Vaaldiam Recover 38 Diamonds From First 21.5 Tonnes of Kimberlite at Brauna, Brazil

OTTAWA, ONTARIO--(CCNMatthews - Dec. 12, 2006) - Majescor Resources Inc. (TSX VENTURE:MAJ) (40% interest) and joint venture partner Vaaldiam Resources Ltd. (TSX:VAA) (60% interest) are pleased to report that 38 diamonds with a total weight of 4.78 carats have already been recovered from the first 21.5 dry tonnes of kimberlite processed from the 1.7 hectare Brauna 3 pipe, located in the State of Bahia, Brazil. The five largest stones recovered thus far weigh 0.49, 0.46, 0.43, 0.41 and 0.31 carats.

The Brauna 3 pipe was discovered by De Beers in 1992 during follow-up exploration of a high interest heavy mineral anomaly. De Beers extracted approximately 7.5 tonnes of material from the surface of the pipe. The current mini-bulk sampling program being completed by Majescor and Vaaldiam is focusing on testing the saprolitic kimberlite below a depth of 4 metres, underneath the hard calcrete layer covering the Brauna pipe.

Marc-Andre Bernier, Majescor's President and CEO commented that "The diamond results at Brauna-3 are very encouraging. They so far show a fourfold improvement in average stone size as well as an almost tenfold increase in diamond grade relative to the original 1992 De Beers surface results."

Approximately 25 tonnes of kimberlite remains to be processed from the Brauna 3, and are expected to be completed by year-end. An additional 50 tonnes of kimberlite from the 1.0 -hectare Brauna 7 pipe will be processed during January and February 2007.

The following table summarizes the diamond results from the processing of the mini-bulk kimberlite sample collected from the first of three vertical shafts excavated into the Brauna 3 pipe to depths ranging from 6 to 16 metres.



-----------------------------------------------------------------------
Sample
Grade in Shaft
Dry # of Weight Average Carats per Depth
Sample Tonnes Diamonds in Stone 100 Dry Interval
Numbers Processed Recovered Carats Size (ct) Tonnes (metres)
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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
4.0-6.0
285-287 1.278 - - - -
288-289 0.869 - - - -
-----------------------------------------------------------------------
290-295 2.568 3 0.17 0.06 6.62
296-300 1.950 - - - -
301-303 1.024 2 0.25 0.13 24.41
6.0-9.0
304-306 1.079 - - - -
306-309 1.109 3 0.99 0.33 89.28
310-313 1.373 4 0.80 0.20 58.29
-----------------------------------------------------------------------
314-317 1.341 3 0.12 0.04 8.95
9.0-10.0
318-322 1.987 11 0.88 0.08 44.28
-----------------------------------------------------------------------
323-326 1.498 2 0.47 0.24 31.38
10.0-11.0
327-331 2.012 6 0.55 0.09 27.31
-----------------------------------------------------------------------
Totals 21.526 38 4.78 0.13 22.21
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Note 1: All diamonds recovered are larger than 0.85 mm using a square
mesh screen.

Note 2. The shaft interval from 0 to 4 metres was comprised of soil,
calcrete and calcretized kimberlite and was not sampled.


A dense media separation plant, which is situated just 5 kilometres from the Brauna property, is being utilized by the joint venture to process the 100 tonne mini-bulk sample extracted from two of the four Brauna pipes. The diamond recovery plant consists of a crushing and feed circuit, a 300 kilogram per hour dense media separation module, and a secure diamond recovery circuit. Simulated diamond "tracers" with a density similar to diamond, are being utilized to measure the efficiency of the plant, and indicate an average recovery rate of 98.7% based on the samples processed to date. Reprocessing of the plant tailings will be completed as part of an audit of the processing plant efficiency, to ensure the highest recovery rate is achieved for the sample processing. A description of the diamonds will be provided upon the completion of the sampling program which is scheduled to be finished in early 2007.

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.

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

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