Mr. Ronald Perry reports

METANOR PRODUCED 10,277 OUNCES DURING QUARTER ENDED JUNE 30TH 2015

Metanor Resources Inc. produced 10,277 ounces of gold during the quarter ended June 30, 2015.

A total of 58,499 tonnes of ore at a feed grade of 5.66 grams per tonne was processed during the quarter with a 96.5-per-cent recovery rate.

For the fiscal year ended June 30, Metanor produced 40,067 ounces. A total of 234,826 tonnes of ore at a feed grade of 5.50 grams per tonne was processed during the year with a 96.5-per-cent recovery rate. Metanor sold 10,626 ounces of gold in the quarter and 41,242 ounces of gold for the year.

The production, in the last quarter, came from the Main and the A veins. For the coming quarter, the production will continue to come from these two veins with a grade near the current level. Starting this fall, the B and Hewfran veins will be added to production in addition to the A vein. The production from Hewfran is expected to increase the average grade of the mine between 5.8 and 6.2 g/t. For the coming year, Metanor expects to produce between 42,000 and 45,000 ounces of gold.

Development toward the west continued in the last quarter on levels 6 and 8, and 14. The development will continue on the same levels during the coming quarters. The exploration program also continued to the west with good results on level 6. The upcoming drill program will aim to connect the sector on level 13 with the known upper sector on levels 6 and 8.

The surface drill program began in the region of the Bachelor mine in early July, and will continue through the coming year. The surface drilling on the Barry property is planned later in 2015.

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.

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