Majescor Resources Announces the Acquisition of Additional Ground on the Mirabelli Gold Project in Quebec

OTTAWA, ONTARIO--(Marketwired - Jan. 26, 2017) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to announce that it has staked additional ground on its Mirabelli gold project in Quebec following the review of its exploration data base. The property is in close proximity to the Radisson Highway, some 80 km south of the KM 381 outpost.

The new claim block totalling 6,120 ha is located just to the southeast of the claims covering a probable Banded Iron Formation that were discussed in a recent news release (see Majescor news release dated January 19, 2017). The new ground covers the source areas of anomalous gold values in till (up to 67 gold grains in heavy mineral concentrates and up to 1 g/t Au from geochemical analyses of the fine fraction) samples collected over a previously un-mapped section of a greenstone belt identified earlier by Majescor through high-resolution airborne geophysics. The highly anomalous tills are to be followed up through additional sampling and boulder investigation as early as possible this spring.

The technical content of this release was reviewed by Remi Charbonneau, P.Geo., a qualified person as defined by the National Instrument 43-101.

About Majescor Resources Inc.

Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.