Mr. Ronald Perry reports

METANOR RESOURCES INC.: EXPLORATION UPDATE ON THE BARRY PROPERTY

Metanor Resources Inc., in the coming weeks, will begin a drill campaign in close proximity to the current pit. The results will be published once available.

Metanor is very encouraged by the announcements made by Osisko Gold Royalties Ltd. and Oban Mining Corp. in the past week, as they are investing in the Urban-Barry area, which surrounds Metanor's Barry property. This suggests the potential of the area and the importance of Metanor's Barry property, covering over 7,336 hectares, for Metanor's future. In November, 2010, SGS Canada Inc. published a National Instrument 43-101 technical report on the Barry property, which contains the resources shown in the table.

                              BARRY RESOURCE ESTIMATE

Class                             Tonnes             Au           Au   Au ounces
                                          (g/t uncapped) (g/t capped)    (capped)

Indicated                      7,701,000           1.29         1.25     309,500
Inferred                      10,411,000           1.65         1.41     471,950

Resources above 0.5 gram per tonne, capping 35 g/t on assay.

The nearest mill in operation in the Urban Barry area is the mill at the 100-per-cent-owned Bachelor mine. Presently, Metanor operates the Bachelor mill at its nominal capacity. However, when Hydro-Quebec completes the construction of the new electrical substation 25 kilometres away from Bachelor mine in September, 2015, which will increase the total available power at the mine, Metanor could, with a minimal investment, increase the mill capacity to treat ore from another mine site. As previously stated, the medium-term goal of the company is to bring a second mine into production to further enhance cost reduction and increase revenues.

Qualified person

Andre Tremblay, Ing, vice-president of exploration, is the qualified person under National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.