Mr. Ronald Perry reports

METANOR INTERSECTS 6.82 G/T OVER 8.7 METERS AT BACHELOR MINE

Metanor Resources Inc. is providing an update of the exploration activity at the Bachelor mine. The drill located on level 6 has intersected 6.82 grams per tonne over 8.7 metres. The two drill holes intersected the veins between levels 6 and 8. The results are in the table.

                   BACHELOR DRILL RESULTS
                                                  Au grade
                  From          To      Length      capped
Hole No.            (m)         (m)         (m)       (g/t)            

6-141           119.33      123.52         4.2        9.23    
                145.21      146.91         1.7        4.43    
6-145           118.57      120.80         2.2        8.02    
                124.14      132.85         8.7        6.82

These new results demonstrate the existence of two distinct veins located near each other. The A zone is dipping near 55 degrees and the B zone is dipping near 90 degrees. The results continue to expand the dimension of the 8-H-14 (see the longitudinal section for the holes location). The two drills on level 6 continue their exploration activities and results will be published as they become available.

On the surface, a fifth drill began its exploration activities on July 1. The goal of this surface campaign is to follow up with the geophysical work completed in the fall 2014 on properties surrounding the Bachelor camp that generated targets to drill. The first targeted area is a property east of the mine.

The true width is between 50 and 85 per cent of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 g/t, or 1.5 ounces per ton Au. The samples were assayed by fire assay at the Metanor assay lab. The quality control program of the assay results (quality assurance/quality control) adopted by Metanor includes a minimum of 10 per cent of controlled assays being conducted as well as verification by an independent external assay lab.

Qualified person

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

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