Majescor Announces Filing of Audited Annual Financial Statements and Interim Financial Statements

Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX), is
providing this third bi-weekly default status report (the "Default Status
Report") in accordance with Policy Statement 12-203 respecting Cease Trade
Orders for Continuous Disclosure Defaults ("Policy Statement 12 203"). On June
28 and July 4, 2013, the Company announced (the "Default Announcement") that,
for the reasons disclosed in the Default Announcement, the filing of the
Company's annual financial statements, accompanying management's discussion and
analysis and related CEO and CFO certifications for the financial year ended
February 28, 2013 (collectively, the "2013 Annual Financial Statements") would
not be completed by the prescribed deadline set by the Canadian securities
legislation, being June 28, 2013. In addition, on July 31, 2013, the Corporation
announced that, considering the on-going audit of the 2013 Annual Financial
Statements and the delay in filing the 2013 Annual Financial Statements, the
Company was also in default for not completing the filing of its interim
financial statements, accompanying management's discussion and analysis and
related CEO and CFO certifications for the three-month period ended May 31, 2013
(collectively, the "Interim Financial Statements"), on the prescribed deadline
set by the Canadian securities legislation, being July 30, 2013.


As a result of the delay in filing the 2013 Annual Financial statements, the
Company's principal regulator, the Autorite des Marches Financiers (the "AMF"),
granted a Management Cease Trade Order (the "MCTO") to the Company. The MCTO
restricts all trading in securities of the Company, whether direct or indirect,
by the Chief Executive Officer, the Chief Financial Officer and the directors of
the Company until such time as the 2013 Annual Financial Statements have been
filed by the Company. The MCTO does not affect the ability of shareholders who
are not insiders of the Company to trade their securities.


The Company wishes to announce that its auditors have now completed the audit of
the annual financial statements. The 2013 Annual Financial Statements and the
Interim Financial Statements were filed with the applicable securities
regulatory authorities and are available on the SEDAR database at www.sedar.com.
Once the AMF has reviewed the filed documents, it is expected that the MCTO will
be lifted.


Pursuant to the provisions of the alternative information guidelines specified
by Policy Statement 12-203, the Company reports that since the Default
Announcement and its subsequent default status report of July 18 and 31, 2013,
except as stated in this Default Status Report, there have not been any other
material changes to the information contained therein; nor any failure by the
Company to fulfil its intentions as stated therein with respect to satisfying
the provisions of the alternative information guidelines, and there are no
additional defaults, other than the delay in filing the 2013 Annual Financial
Documents and the Interim Financial Statements. Further, there are no additional
material information respecting the Company and its affairs that have not been
generally disclosed and there are no insolvency proceedings against the Company
as of the date of this Default Status Report.


About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral
districts. Majescor's portfolio of exploration projects includes the Besakoa
gold, base metal and graphite property in Madagascar (50%-50% joint venture with
Sunridge Gold Corp.; On April 30 2013, Majescor entered into a non-binding
Letter Agreement with Olympic Resources Ltd. ("Olympic") and Sunridge Gold Corp.
("Sunridge") whereby the Company and Sunridge agree to sell their respective 50%
interest in Daraina Exploration S.A.R.L. to Olympic) and the Mistassini uranium
exploration project in Quebec (under joint-Venture: 40 % Majescor and 60%
Strateco Resources Inc.). In the Republic of Haiti, Majescor, through its
100%-held subsidiary Simact Alliance Copper-Gold Inc., holds a majority interest
SOMINE SA, a registered Haitian Company. SOMINE SA in turn holds 100% mineral
rights to the Douvray porphyry copper-gold project and the Faille B gold project
located in the Northeast mineral district of Haiti, near the port-city of
Cap-Haitian. The Douvray and Faille B projects are each covered by a five-year
renewable Mining Exploitation Permit awarded to SOMINE SA on December 21, 2012
and are collectively covered by a Mining Convention executed with the State of
Haiti on May 5, 2005 and valid until March 9, 2020. On January 15, 2013,
Majescor published the first NI 43-101 compliant mineral Resource estimate for
the Douvray porphyry copper-gold project (Inferred Mineral Resource of 189.5 Mt
grading 0.30% Cu, 0.05 g/t Au, 1.12 g/t Ag and 23.05 g/t Mo at a base cut-off of
0.1% Cu).


To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT
Alliance Copper Gold Inc., the SOMINE copper- gold project as well as the
Company's Mistassini uranium and Besakoa copper/gold properties, please visit
our website at www.majescor.com.


Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which
reflect Management's expectations regarding the Company's future growth, results
of operations, performance and business prospects and opportunities. These
statements reflect Management's current beliefs at the time of this news release
and are based on information currently available to Management. All statements
other than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Majescor Resources Inc.,
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from Management's expectations are exploration risks detailed herein
and from time to time in the filings made by the Company with securities
regulators.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Daniel Hachey
President & CEO
Majescor Resources Inc.
905.206.1604
613.241.7817 (FAX)
[e-mail]
www.majescor.com