Mr. Ronald Perry reports

METANOR MAKES A PAYMENT IN SHARES TO RESSOURCES QUEBEC

Metanor Resources Inc. has issued shares in lieu of the monthly payment, for March, 2014, to Ressources Quebec (affiliate of Investissement Quebec) in regard to the loan agreement entered into Feb. 27, 2014.

Pursuant to the agreement, Metanor is issuing 3,266,667 shares for the March, 2014, payment as reimbursement on the capital and associated expenses. This share issuance is the only one provided for in the agreement. The shares are issued at the deemed price of 16 cents each. More details on the agreement reached Feb. 27, 2014, are available on the SEDAR website.

All the shares issued are subject to a hold period of four months plus one day, and this transaction is subject to the approval of the TSX Venture Exchange.

Ghislain Morin, president and chief executive officer, stated, "We are very pleased with the vote of confidence expressed by our financial partner and their interest in developing a long-term relationship with Metanor."