For 8:30AM release
August 8, 2007
Symbol: MAJ.TSX Venture

Majescor Partners with Shield Mining to Fast-Track Development
of the Besakoa Polymetallic Property in Madagascar

Montreal, QC - August 8, 2007 - Majescor Resources Inc. ("Majescor" or "the Company") (TSX-V: MAJ) is pleased to announce the signing of a Memorandum of Understanding ("MOU") with Shield Mining Ltd ("Shield") (ASX: SHX) to accelerate the development of Majescor`s Besakoa property, located in Tulear Province, southern Madagascar. The property is host to the Besakoa polymetallic prospect, the only known Volcanogenic Massive Sulfide ("VMS") prospect discovered in the country to date, as well as a series of other untested sulphide showings and associated surface geochemical copper-zinc anomalies. Preliminary near-surface core drilling of the Besakoa VMS prospect by Majescor in December 2006 (8-hole, 431m program) returned encouraging results including a 21.5 m intersection grading 0.7% copper, 0.5 g/t gold, 1.1% zinc and 21.4 g/t silver (see Majescor Press Release dated February 8, 2007).

Marc-André Bernier, President and CEO of Majescor states: "The agreement with Shield Mining Ltd on our Besakoa VMS property in Madagascar reflects our commitment to creating strategic partnerships with established Africa-focused gold and base metals explorers. Shield's technical team, under the leadership of Phil Fillis, a professional geoscientist with over 30 years of experience in the exploration and mining industry, has the expertise to fast-track the exploration of the Besakoa property, which holds eight other untested gossan occurrences, in addition to the "Main" polymetallic prospect. The agreement allows Majescor to concentrate on advancing its three other promising gold/base metal properties: Daraina, Ananalava, and Ankaramy, as well as pursuing other opportunities in the country".

The MOU, which is subject to regulatory approval, allows for a 3-month exclusive due diligence period for which Shield will pay Majescor C$20,000 upfront. Following this, Shield will issue 500,000 Common Shares to Majescor and commit to spending C$1 million (C$500,000 in Year 1) to earn a 50% interest in the property. Shield can further increase its interest to 60% for an additional C$2 million in expenditures and thereafter Majescor can elect to contribute or be diluted.

Majescor's portfolio of gold and base metal properties in Madagascar includes, in addition to the Besakoa polymetallic prospect: the Daraina property in North Madagascar, where initial surface sampling in August 2006 returned grades of up to 87 g/t gold and 75 g/t silver (see August 17, 2006 Press Release); the Ananalava property, which is host to a series of untested historical Ni-Cu showings, and is completely surrounded by BHP-Billiton; and the Ankaramy property which shows potential for both SEDEX-type (Pb-Zn) and epithermal gold-silver.

This press release was 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 a dynamic and well funded exploration company with uranium properties in Quebec's Otish Mountains, two large uranium projects in the Nunavik district of northern Quebec, as well as a significant uranium interest in the Thelon Basin of Nunavut through its ownership position in Uranium World Energy. In addition to uranium, Majescor has the largest portfolio of Diamond properties in Quebec, as well as Diamond projects in Nunavut and in Madagascar. Majescor has further diversified its property portfolio by recently acquiring gold and base metal properties in Quebec and in Madagascar.

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