Mr. Ronald Perry reports

METANOR INTERSECTS 12 G/T OVER 3.25 METERS AT BACHELOR MINE

Metanor Resources Inc. has provided an update of the exploration activity at its Bachelor mine. The second drill located on level 6 has intersected 12 grams per tonne over 3.25 metres. The drill holes intersected the vein above levels 6. The results are in the attached table.

                           DRILL RESULTS

                                       Length       Au grade
Hole No.      From (m)      To (m)      (m)(i)   capped (g/t)       Zone

6-165            66.4        67.3         0.9           4.77      6-H-10
6-166            78.1       79.85        1.75           8.92      6-H-10
6-169           85.65        89.2        3.55           6.24      6-H-10
6-172            89.8        61.3         1.5          22.27      6-H-10
6-173           59.45        62.7        3.25           2.65      6-H-10
6-174           58.98       62.23        3.25          11.96      6-H-10
6-175              58       59.75        1.75           1.24      6-H-10
6-176           58.85          62        3.15           9.36      6-H-10
6-177           63.09       63.49         0.4           6.35      6-H-10

(i) Core length

These new results demonstrate the extension of the vein in Hewfran above level 6.

The true width is between 75 per cent and 95 per cent of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 grams per tonne or 1.5 ounces per ton gold. 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.

We seek Safe Harbor.