Mr. Andre Audet reports

MAJESCOR ANNOUNCES THE APPOINTMENT OF A NEW CHIEF FINANCIAL OFFICER AND THE GRANTING OF OPTIONS

Lucie Letellier has been appointed as chief financial officer of Majescor Resources Inc. effective immediately. She will be replacing Sabino Di Paola who has resigned to pursue other projects. Mrs. Letellier is a financial professional with specialization in finance and accounting having spent over 25 years in public accounting. From 2005 to 2009 Mrs. Letellier was the CFO of Paramount Gold and Silver Corp., having contributed to the development of the company from a private enterprise through private capital raising and two public listings, overseeing $30-million in equity financing. Paramount Gold was later acquired by Coeur Mining for $200-million. Most recently, Mrs. Letellier was CFO of Crestwell Resources. Her work experience also includes acting as credit and loan officer and controller for private enterprises. Her skills include financial reporting for U.S. and Canadian pubic companies, tax compliance, corporate governance and continuous disclosure requirements.

Andre Audet, chief executive officer, wishes to thank Mr. Di Paola for his dedication and excellent work and wishes him well in all his endeavours.

Granting of options

Majescor has granted options to purchase up to 200,000 common shares of the corporation to one of its officers at a price of 10 cents per share for a period of five years ending Feb. 24, 2022.

About Majescor Resources Inc.

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