For Immediate Release
May 17, 2007
Symbol: MAJ.TSX Venture

Majescor reviewing strategic options on its 100%-owned Portage Diamond project adjacent to Stornoway's Foxtrot property in Quebec

Montreal, QC - May 17, 2007 - Majescor Resources Inc. (the "Company") (TSX-V: MAJ) announces it is reviewing its strategic options on its 100%-owned Portage property in the Otish Mountains Diamond district of Quebec. Majescor has the largest portfolio of Diamond properties in Quebec and a large proportion of the massive 136,473-hectare Portage property remains under-explored.

Jacques Letendre, Principal Consultant and Director of Majescor, states "this morning's encouraging Diamond results from Stornoway Diamonds - SOQUEM's Foxtrot project further indicate that the Otish Mountains Diamond-bearing district of Quebec, comprising Majescor's Portage property and the adjacent Foxtrot property, represents one of Canada's most prospective regions for economic Diamond deposits."

Majescor's Portage property is within 10 kilometres of the diamondiferous Renard kimberlite cluster currently being bulk-sampled by Stornoway and SOQUEM. The Portage property is host to the Remick kimberlite dyke discovered by drilling in 2005, as well as three occurrences of Diamond-bearing float. A 54.15-kg sample of kimberlite from the latest float dispersal train discovered in 2006 (U0341-110) yielded a total of 83 diamonds, i.e. six times more diamonds per kg than the original U0340 float discovered in 2004.

Analysis of the final kimberlite indicator mineral ("KIM") results from the 2006 glacial sediment sampling program at Portage led to the identification of 15 prospective Diamond targets, at least 6 of which have a geochemical signature favorable to the presence of kimberlite.

Majescor is currently considering various follow-up scenarios: property-wide systematic geochemical sampling to locate new kimberlitic signatures in the overburden; additional glacial sediment surveys in areas up-ice of the six targets with favorable geochemical signature; additional ground geophysical surveys at the head of selected float and KIM dispersal trains; and float prospecting.

Majescor was recently informed by Forest Gate Resources that it was terminating its option agreement on the Portage project. One of the strategic options under review is new partnership opportunities.

This press release has been approved by Marc-André Bernier, P.Geo., President and CEO 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 region 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, in the Northwest Territories 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.

For further information please call:
Todd Opalick, Manager Investor Relations email: todd@majescor.com	Marc-Andre Bernier, President & CEO email: marc-andre@majescor.com
Telephone: 613.241.5333 Fax 613.241-8632 Web: www.majescor.com

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