version française ci-dessous

4/2/2008

Majescor Options Madagascar Gold and Base Metal Properties to Sunridge Gold Corp.

Majescor Resources Inc. (MAJ: TSX-V) (“Majescor” or “ the Company”) is pleased to announce that it has entered into a Letter of Intent with Sunridge Gold Corp. (SGC: TSX-V) (“Sunridge”) by which Sunridge can acquire up to a 100% interest in four gold and base metal properties held by Majescor in Madagascar.  The land package under option to Sunridge includes the Besakoa property, host to Madagascar’s main volcanogenic massive sulphide (“VMS”) copper-zinc-gold-silver prospect.  Majescor drilled the main Besakoa VMS occurrence in 2007 returning 21.5m of 0.7% Cu, 0.5 g/t Au, 1.1% Zn and 21.4 g/t Ag. Additional information on Majescor’s Madagascar properties is available on the Company’s Website at www.majescor.com/poly-besakoa.htm.

Marc-Andre Bernier, President and CEO states: “The agreement with Sunridge Gold Corp., anestablished Africa-focused explorer, will ensure the timely development of our Madagascar gold and base metals properties.  Majescor is now in a position to focus extensively on Quebec and on advancing its four active uranium exploration projects”.

The Letter of Intent

Sunridge has completed a 30-day legal and technical due diligence period, has paid $25,000 and given notice to Majescor that it will proceed with a definitive option agreement to acquire up to a 100% interest in the Company’s four Madagascar  properties: Besakoa, Daraina, Analalava and Ankaramy (the “Properties”). Sunridge can acquire an initial 50% in the Properties by spending $2 million over a 2-year period and issuing Majescor 500,000 common shares as follows:

Upon acquiring a 50% interest in the Properties, Sunridge will then have the right to acquire an additional 25% (total 75%) by spending an additional $2.5 million by the end of the third year and by issuing Majescor an additional 500,000 common shares of Sunridge.

Upon acquiring a 75% interest in the Properties, Sunridge will have a one-year period in which to elect to acquire the remaining 25% interest in the Properties at the fair value determined at that time by an independent valuation or as agreed between the parties in cash or, at the election of Sunridge, in the equivalent value of Sunridge common shares.  Sunridge will be the operator of the exploration activities on the Properties. The transaction remains subject to regulatory approvals. 

This press release was approved by Jacques Letendre, P.Geo, 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 under option 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 taking an option on a gold and base metal property in Quebec.

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