Mr. Ronald Perry reports

METANOR INTERSECTS 7.5 G/T AU OVER 7.2 M AT BACHELOR MINE

Metanor Resources Inc. has provided an update on its underground exploration drilling program at Bachelor mine. The drill located on level 8 in the Hewfran sector of Bachelor mine intersected 7.5 grams per tonne over 7.2 metres (hole 8-112). The holes listed in the table intersected the structure of the H-10 vein below level 8 down to level 10.

Hole               From    To     Length             Au grade     True width
                    (m)   (m)     (m)(i)         capped (g/t)    (estimated)

8-112              57.1  64.3        7.2                  7.5            95%
8-113              58.4  59.0        0.6                  2.9            90%
8-114              67.2  68.0        0.9                  2.6            85%
8-115              80.0  81.2        1.2                  6.4            80%

(i) Core length

Following the confirmation of this extension, the upcoming drilling will focus on both sides of this structure between level 8 and 10, and below level 10.

The true width is between 80 and 95 per cent of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 31 g/t or one ounce Au. The company utilizes a rigorous, industry-standard, quality assurance/quality control program. The samples were assayed by fire assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The quality control program of the assay results adopted by Metanor includes a minimum of 10 per cent of controlled assays being conducted as well as verification by an independent ALS-certified assay laboratory in Val d'Or, Que. Results of the spot checks were consistent with those reported.

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under NI 43-101, responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.