MAJESCOR – A STRONG FORCE IN DIAMOND EXPLORATION IN QUEBEC AND THE NORTHWEST TERRITORIES

1. MAJESCOR – A STRONG FORCE IN DIAMOND EXPLORATION IN QUEBEC AND THE NORTHWEST TERRITORIES

2. MAJESCOR – A young company in an old industry • the decision to establish Majescor as a diamond exploration company in late 1999 was based solely on the recovery of three grains of kimberlitic indicators in glacial sediments in northern Quebec • from 2000 to 2003, Majescor carried out extensive regional exploration in the province and acquired numerous properties based on positive indicator mineral results

3. MAJESCOR – A young company in an old industry • commencing in 2002 however, Majescor also started to diversify its portfolio outside of Quebec • first, it expanded its operations to the Slave craton in the Northwest Territories as new, high-potential opportunities presented themselves • since 2002, Majescor has also initiated low cost exploration projects outside of Canada, in the USA and in Madagascar

4. However, the bulk of Majescor’s projects remains in Canada

5. WHY CANADA?

6. WhyCanada? • Canada has recently become the third diamond producer in the world in terms of revenue • this is exciting when we think that the Canadian diamond industry did not exist 15 years ago • Canada’s position in the world diamond market is poised to increase in the years to come in view that a majority of the advanced projects in the world are in this country • as well, almost 50% of the US $250 million in diamond exploration expenditures world wide is spent in Canada

7. WhyCanada? • We believe Canada’s emergence as a world-class producer stems from a number of factors: • Canada’s huge geological potential (the country contains some of the oldest and largest Archean cratons in the world, a sine qua non condition for economic kimberlites) • the proximity to the USA, the world’s biggest diamond market • the country’s sound economy, socio-political structure and straightforward mining regulations

8. WhyQuebec? • the province possesses all the fore cited attributes that Canada has • it was the company’s starting point • the province is grossly under-explored for diamonds: • prior to 1995, the bulk of the territory had been virtually unexplored for diamonds • a number of new kimberlite discoveries has been made in the last five years alone: Torngats, Renard, Wemindji • there are many more discoveries to come

9. WhyQuebec? • the bulk of northern Quebec is underlain by the Superior Archean craton, possibly the largest in the world • because of its favorable geology, but also because of its pro-mining attitude, the province ranks #1 in the world for its attractiveness for exploration in a recent survey • an excellent infrastructure; possibility to work year-round • agreements in place with First Nations

10. A review of Majescor’s key projects in Canada

11. QUEBEC • Majescor has 6 active projects in the province • all are kimberlitic indicator minerals supported, not grassroots • from 2000 to 2003, Majescor has acquired indicator mineral data over a large area, either on its own or from archived reports (other companies, government)

12. Portage

13. Portage • in the Otish Mountains area • reasonable infrastructure • large land position (over 2,000 km2) • excellent mineral chemistry • adjoins Ashton/Soquem’s Foxtrot properties which host significantly diamondiferous kimberlites (best grades outside of Slave craton) • option agreement with Stornoway

14. Portage • work in area commenced in 2000 based on recovery of two grains of kimberlitic indicators in 1999 • Majescor was the second company to secure mining titles in area • 1350 samples collected last month, doubling the existing density: results by September • high sample density required to resolve glacial dispersion trains, a prerequisite since use of geophysics is problematic

15. Lac Laparre • in the Otish Mountains area • indicator mineral anomaly discovered in 2000 • much of area tied in proposed park until 2003 • adjoins Ashton/Soquem holdings • interesting mineral chemistry • option agreement with Dunsmuir • airborne geophysics already flown • program currently underway to more than triple sample density • possibility of larger, less eroded pipes

16. Nottaway • in the James Bay Lowlands • area possibly never explored for diamonds before because of thick sedimentary cover • indicator mineral anomaly discovered in 2001 through regional sampling, chasing structural target • interesting mineral chemistry • airborne geophysics data available • recent RC drilling campaigns have outlined a dispersion train in basal till with high counts

17. Wemindji • in the James Bay Lowlands • area first explored for diamonds by De Beers from 1995 to 1998, without success • Majescor came to area independently in 1999 • work by company from 2000 to 2002 led to discovery of kimberlite sill with trace diamonds • property on standby; reduced area, keeping most promising ground

18. CANADA • Majescor has 5 active projects in the NWT and Nunavut • all are on the Slave craton which hosts the Diavik and Ekati diamond mines • except for two grassroots projects (Tyhee and a new promising Arctic venture), all adjoin properties where significantly diamondiferous kimberlites have been discovered

19. Wellington • on Victoria Island • project optioned from Diamonds North in late 2001 • directly adjoins DDN’s Blue Ice and Hadley Bay properties from which significantly diamond-bearing kimberlites reported • all kimberlites identified to date lie on structures which trend on Wellington • only little work carried out to date; 3 targets drilled without success in 2003 • high-resolution geophysical surveys currently conducted on property

20. Kelsey • Majescor acquired Tyler’s 30% interest in the joint venture with Diamondex in January 2004 • directly adjoins De Beers-Mountain Province’s Gahcho Kue property, presently under pre-feasibility study by De Beers • all significantly diamondiferous kimberlites identified to date on latter lie on a NE-SW structure which trends on Kelsey; one of kimberlites lies less than 2 km from property boundary • property has received little work in recent years because of legal dispute • intensive exploration program underway for 2004: helicopter-borne and ground geophysics, till sampling, soil-gas geochemistry • test-drilling of best targets planned for the fall

21. Carat • Majescor acquired Tyler’s 30% interest in the joint venture with Diamondex in January 2004 • directly adjoins BHP’s Ekati property • all economic and possibly economic kimberlites identified to date in the central Slave craton lie on a NE-SW corridor which trends on Carat; one kimberlite with trace diamonds is already known • the corridor, bounded by faults and gabbro dykes, corresponds to alkaline rocks • property has received little work in recent years because of legal dispute • intensive exploration program underway for 2004: geophysics, till sampling and soil-gas geochemistry • test-drilling of best targets planned for the fall

22. Discovery • Majescor signed an agreement with Tyhee NWT Corp. in late 2003 whereby it can acquire a 100% interest in the diamond rights on project • the property was never explored for diamond, having been secured for gold for some time • it is surrounded by claims recently staked by BHP B • BHP B is known to have flown them with its Falcon gravity system; this attests to the area’s high priority for the company • diamond-bearing kimberlites are known within 24 km of the property’s boundary • the property is easily accessible from Yellowknife • till sampling and ground follow-up of known geophysical targets is planned for August

23. OUTSIDE OFCANADA • Majescor has 3 active projects outside of Canada • all are breaking new ground • two are in the USA, the other is in Madagascar

24. THE USA • creation in June of 2004 of the American Diamond corporation, a 50%-50% joint venture between Majescor and Dunsmuir (a strategic alliance between the two companies had been inked in late 2002) • two projects in the portfolio • non-traditional diamond exploration • traditional kimberlite exploration

25. TraditionalKimberlite exploration • an Option Agreement was signed in June of 2004 between the ADI and Firestone Diamonds PLC regarding a project Firestone had been working on in secret for 3 years • the partners have secured the exclusive services of Howard Coopersmith, the foremost expert in diamonds in the country • the project currently in ADC’s portfolio was chosen by Dr. Coopersmith as his #1 target in the USA • data indicates the presence of at least three new kimberlite clusters where none are currently known • follow-up sampling is planned for the summer of 2004

26. MADAGASCAR • the country hosts one of the only Archean cratons remaining to be explored • 23.82 and 8.39 carats gemstones quality diamonds found by alluvial sapphire miners • kimberlitic indicator minerals and possible diamonds reported in the 1960’s by the UNO and the BRGM, a French governmental research organization • recent democratization of the country and a new, user-friendly mining regulations have created new opportunities for junior and senior explorers

27. MADAGASCAR • through an agreement with a Malagasy private company, Majescor has secured the largest land package for diamonds in the country (over 20,000 km2) • the holdings cover much of the Archean craton, as well as the areas where the historic finds of indicator minerals were reported • a sampling campaign has just been completed. Results are expected by August

28. THE COMPANY

29. Mission Statement • Increase shareholder value and liquidity through successful acquisition and exploration of prospective diamond properties. • Looking at filling the ever widening world supply gap through exploration for primary deposits which will lead to new significant discoveries

30. Company Profile • Listing: TSX-Venture • Symbol: MAJ • Recent Price Range: $0.21 - $0.40 • Capital Stock: 33,000,000 shares • Fully Diluted: 38,000,000 shares • Cash on Hand: $cnd1.8 Million, no debt

31. Board of Directors • André Audet • Jacques Letendre • Ronald Little • Michael Halvorson • Florent Gauthier

32. Management • André Audet - 15 years experience in Junior Mining Finance, 12 years as VP with BMO/Nesbitt Burns • Jacques Letendre - 22 years experience in diamond exploration, 13 years with De Beers in Canada

33. Majescor’s Partners(Financial Leverage) • Stornoway Diamond Corporation • Diamondex Resources • Superior Diamonds • Diamonds North Resources • Dunsmuir Ventures Ltd • Firestone Diamonds PLC

34. Major Shareholders • Québec based institutional - 20% (FTQ, SIDEX, SODEMEX) • Dundee’s CMP and Canadian Dominion Resources Fund - 10%

35. Why Majescor ?What do shareholders Get? • multiplicity of projects.A number are in the shadow of possible head frames • focused exploration strategy – focus is on high-potential projects to increase odds of success • exposure to three countries, all politically stable andwith reasonable to excellent infrastructures • a number of projects that will be drilled- tested over the next 18 months • four projects are being funded by partners - will reduce risk and dilution

36. Why Majescor ?What do shareholders Get? • undervalued stock: very low market capitalization <cnd10 million compared to peers • strong news flow over the next 6 months to a year • strong technical team • top quality partners • experienced management

37. We believe that we are only one drill hole away from a world-class discovery!Majescor ResourcesSymbol: MAJExchange: TSX Venture