MONTREAL, QUEBEC--(CCNMatthews - March 6, 2006) - Majescor Resources Inc. (TSX VENTURE:MAJ) The following is an update of some of Majescor's active projects:

QUEBEC

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

Majescor and joint venture partner Forest Gate have initiated drilling on the Portage property located in the foothills of the Otish Mountains, directly adjacent to Ashton/SOQUEM's Foxtrot property. The drill campaign has been designed to delineate the northwest and southeast extension of the Remick kimberlite dyke. In addition to providing an idea of the minimum strike length, the drilling is to determine the size, shape and diamond potential of the kimberlite body. Prior to the drilling, a detailed ground geophysical survey was conducted over the projected strike of the dyke in order to assist with drill placement. The first two drill set-ups have already extended the strike length of the dyke some 450 m to the northwest from the discovery hole. The dyke was intersected at depths averaging some 20-25 m. Lake-bottom sediment sampling is concurrently being carried out near the Remick dyke and at the head of known indicator mineral dispersion trains so as to test its efficiency as an exploration tool.

Laboratory results have recently been received for various analyses performed on samples of an ultramafic (UM) rock that was discovered in the course of the 2005 till sampling campaign. The UM rock occurs as meter-sized boulders that appear to have come from a nearby dyke structure in the southeast of the property. The boulders form a well defined dispersion train that is outlined over a few hundred meters. Caustic fusion has recovered five diamonds from 104 kg of rock processed at SGS Mineral Services in Lakefield, Ontario.

-------------------------------------------------------------
Size fraction    - 0.6    - 0.425  - 0.3   - 0.212  - 0.150
in mm            + 0.425  + 0.3    + 0.212 + 0.150  + 0.105
-------------------------------------------------------------
No. stones         0        1        0       1        3
-------------------------------------------------------------

The largest diamond measured 0.51 x 0.46 x 0.32 mm and weighed 0.116 mg. Although petrography work performed by IOS Services Geoscientifiques on the UM rock described it as a carbonate-phlogopite-rich rock with two generations of olivine and abundant mantle xenoliths, the genesis of the rock remains undetermined. However, its location some 12 km from border with the Ashton/SOQUEM property and 40 km from the Remick dyke occurrence show that diamond-bearing rocks occur over a wide area on the Portage property.

To date, results have been received for some 40% of the glacial sediment samples collected in September-October of 2005 and are being processed at Overburden Drilling Management's laboratory in Ottawa, Ontario. 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. A number of anomalous counts and grains bearing fragile surface textures have been reported. Additional details will be given at the completion of the drilling campaign.

NWT

Banks Island (a 50% - 50% JV with Diamonds North Resources Ltd.)

Picking results have now been received for 130 stream samples collected in the summer of 2005 on Banks Island. The indicator mineral data targets several areas on the property as potential kimberlite source areas.

The goal of the 2005 campaign was to trace the kimberlite indicator minerals upstream to source and isolate the most favourable areas to conduct airborne geophysical surveying for target development in 2006. The companies are currently planning an airborne survey over the main areas of interest.

A significant number of the samples have proven visually positive with pyrope garnet, picroilmenite, chrome spinel and many of the grains show little sign of mechanical erosion. Probe data for the indicator minerals is still pending.

The Banks Island project covers 1,203,493 acres of permits acquired over a two-year period by the JV partners on the Northeast side of the island. It was initiated in 2003 as a result of regional reconnaissance. A stream sampling program completed over the project area in 2004 yielded several samples with kimberlite indicator minerals, some of which exhibited delicate primary surface textures. G10 garnet chemistry was also reported. The presence of kimberlite indicator minerals on the project provides high probability for the discovery of a new kimberlite district in Canada. The nearest competitor activity within the region is De Beers Canada Exploration Inc. who has recently acquired approximately 4 million acres of exploration permits 15 kilometres to the southeast.

MADAGASCAR

Caustic fusion analysis of geological samples from the THB and Zery kimberlites dykes discovered last fall by Majescor and its partner Madagascar Mining Development in southeastern Madagascar have failed to recover any diamonds from an aggregate 340 kg of material. However, diamonds have been reported historically in the drainage basin where the kimberlites occur and the potential to find a diamond-bearing kimberlite on the property remains. The partners are considering a high-density airborne magnetic surveying and detailed sampling on a number of other positive drainages in order to locate probable kimberlite pipes. These are postulated in view of the reported young intrusion age indicated by dating of ilmenite grains recovered from nearby drainage. The two dykes remain the only two kimberlite bodies discovered to date in Madagascar. In addition to its diamond potential, the land package held by the partners contain a large-scale (10 x 20 km) layered mafic intrusion, the Manama massif, which has yet to be explored using modern techniques. The intrusion shows prospective rock facies for nickel-copper mineralization and traces of sulphides were mentioned in reports from the 1960s. The ground is also known to host a corundum deposit (sapphire, ruby) from which several tonnes have already been mined.

In addition to its land package in southeastern Madagascar, Majescor holds 100% interest on a large number of mining titles located in northern Madagascar. All the ground is indicator mineral supported. More recently, Majescor has concluded an agreement with a Malagasy partner on a gold-copper property. The property, located in northern Madagascar, not only hosts favourable geology, but gold has been mined from alluvium derived from within the property, two gold-bearing veins were identified in the 1990's, and grab samples from old workings have returned gold values up to 34 g/t.

The press release was prepared by Jacques Letendre, PGeo, 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 VENTURE: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.

Click here to see all recent news from this company