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SImACT Mining Holding Company. Inc.

April 23, 2009 - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to report that it has signed an agreement (the "Agreement") with SIMACT Alliance Copper Gold Inc. ("SIMACT") and its principal shareholders (the "Principals") whereby the Company will acquire a 10% interest in SIMACT, as well an option to acquire the remaining 90% interest. SIMACT, through its 66.4%-owned Haitian affiliate mining company, Societe Miniere du Nord-Est S.A. ("SOMINE"), controls a property with both gold and copper potential, (the "SOMINE Property") located in the North-East mineral district of Haiti. The SOMINE Property lies within a highly prospective volcanic arc environment, host to numerous epithermal gold and porphyry copper occurrences in Haiti, as well as the World-Class Pueblo Viejo gold deposit in the adjacent Dominican Republic. The property holds the historical Blondin and Douvray copper-gold prospects; the historical Faille-B gold prospect; along with a number of recently-discovered copper-gold showings.

Marc-Andre Bernier, President and CEO of the Company states: "Majescor has an established, ten-year long tradition of exploring emerging mineral districts. The deal with SIMACT and its Principals offers a new and unique opportunity for the Company to participate in the evaluation and development of a key property located in the prospective Massif-du-Nord volcanic complex of north-east Haiti. We believe that the time is right to invest in Haiti and in projects with gold and copper potential. Gold has remained a steady commodity in this economic downturn while copper has just hit a 6-month high. Not only does the SOMINE Property contain three historical copper and gold occurrences, the mineral rights of which are secured under a mining convention with the State, but it is surrounded by ground recently acquired by Eurasian Minerals Inc. and partner Newmont Ventures Ltd. Majescor intends to fast-track the development of the SOMINE Property through further quantification of the three known prospects and the drill testing of new geological targets and ground showings."

 

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