Corporate Strategy

Multi-Commodity Approach Focusing on Uranium, Precious & Base Metals, and Diamonds

2006 was a very successful transformation year for Majescor.  In 2006, the Company implemented a new business model aimed at expanding the scope of its operations to include uranium, and gold and base metals, as well as diamonds.  These commodities are all highly desired around the world and are particularly sought-after in the countries where the Company is engaged in mineral exploration.

Today, Majescor Resources is a dynamic and well funded exploration company with uranium properties in the Otish mountains, in the Ungava and in the west Nunavik regions 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 the Northwest Territories, 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.

Majescor Resources reduces exploration risk through the development of strategic alliances with:

• Azimut Exploration Inc.
• De Beers Exploration Canada Inc.
• Diamonds North Resources Ltd.
• Santoy Resources Ltd. / Melkior Resources Inc.
• Superior Diamonds Inc.
• Madagascar Mining and Development SARL
  

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2006 Highlights

• New President and CEO appointed in March 2006
• Design and implementation of a new business development model and successful transition of the Company to a multi-commodity explorer
• Land holdings in Madagascar expanded with four new gold/base metal properties; initial core drilling at the Company’s Besakoa VMS prospects intersects 21.5 m of 0.7% copper, 0.5g/t gold, 1.1% zinc, and 21.4 g/t silver
• Spin-off of Baker Lake Uranium assets in Nunavut to Uranium World Energy
• Optioning of diamonds and gold/base metal rights on De Beers’ massive Mirabelli property in northern Quebec
• The Brauna diamond project in Brazil is successfully advanced to the resource evaluation phase leading to the eventual sale of the Company’s Brazilian diamond assets to Vaaldiam for  $3.75 million
• Identification of priority geophysical targets on the Banks Island diamond property in the Northwest Territories, including a target estimated at 12 hectares;
• 83 diamonds recovered from a sample of kimberlite float from a newly discovered boulder train in the Remick area of the Portage property in northern Quebec
• Strategic expansion into northern Quebec for uranium with 4 new agreements in place (South Rae; West Minto; Lac Laparre; Mistassini)
• Share price more than doubles throughout the year on strong trading volumes
• Majescor raises over $3.9 million and is fully funded to advance the development of its exploration projects
  

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Management

Marc-André Bernier
President and CEO

• Senior Quaternary geoscientist with the James Bay Joint Action Mining Committee from 2003-2006 (Albanel-Témiscamie-Otish mountains Quaternary mapping initiative);
• Consultant Quaternary geoscientist from 2001 to 2003 (Boungou river diamond project, Central African Republic; Kivalliq region gold exploration program, Nunavut);
• Managed Asquith Resources’ Central African Republic gold exploration program from 1996 through to the successful takeover by Axmin Inc.;
• Senior Quaternary geoscientist on regional drift-based surveys (Ontario Geological Survey; Geological Survey of Canada; Quebec Ministry of Natural Resources)
• B.Sc.H. (University of Ottawa) and M.Sc. (McGill) degrees focusing on applied Quaternary geology (drift geochemistry and heavy mineral studies);
• Trained in drift-based diamond exploration by De Beers Canada;

Andre Audet
Chairman of the Board

• Vice-President at Nesbitt Burns/BMO Specializing in private portfolios and mining investments from 1989-1999
• Investment Dealer at Midland Doherty and Royal Trust from 1987-1989
• Graduated with a Bachelor in Commerce from the University of Ottawa

Jacques Letendre
Director/Technical Advisor

• Graduated in Geology from the University of Montreal
• Obtained a Masters Degree in Geology from the University of Montreal
• Worked for Monopros Ltd, a Canadian subsidiary of De Beers Consolidated Mines Ltd, active in diamond exploration from 1982-1994, spent 2 years as director of exploration fro Canada.
• Directed the diamond division of Golden Star Resources Ltd which was active in South America and Africa.
• Since 1998, he has been the President of Renouveau Exploration, a mining exploration company.

Todd Opalick
Manager Investor Relations

• Vice-President & Branch Manager of Yorkton Securities and First Associates Investments from 1999-2005
• Financial Advisor Midland Walwyn and Merrill Lynch Canada from 1994-1999
• Fellow of the Canadian Securities Institute (FCSI)
• Certified Investment Manager (CIM)
• Master of Arts Degree in Economics from Simon Fraser University and a Honours Bachelor`s Degree in Economics from the University of Manitoba

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