Mr. Ronald Perry reports

METANOR INTERSECTS 7.2 G/T OVER 8.1 METERS AT BACHELOR MINE

Metanor Resources Inc. has provided an update on the underground exploration activity at the Bachelor mine. A drill located on level 6 has intersected 7.2 grams per tonne gold over 8.1 metres. The drill hole intersected the vein 8-H-14 between level 6 and level 8. The results are shown in the attached table.

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

6-153                 109.7     110.6            0.9           2.3
6-154                 112.0     119.7            7.8           1.4
6-155                 103.7     105.5            1.8           4.8
6-157                  91.0      91.4            0.4          12.9
                      109.5     113.0            3.4           2.6
6-158                 112.2     114.1            2.0           1.5
6-171                  69.7      74.2            4.5           1.3
6-178                 18.93     21.10           2.16          20.0
6-179                 27.56     31.86           4.30           8.8
6-180                 14.39     15.73           1.34           2.6
6-181                 39.54     41.49           1.95          16.9
6-184                  72.1      74.0            1.9           8.2
                       78.3      79.1            0.8           6.1
6-185                  96.2      99.0            2.8           5.1
6-187                 117.6     118.2            0.6          11.6
                      121.0     126.5            5.5           8.6
6-188                 111.1     119.2            8.1           7.2
including             111.1     114.2            3.0          13.4
including             116.2     119.2            3.0           5.2
6-189                 117.1     119.8            2.7           2.6
6-190                 114.6     122.0            7.3           3.0
including             114.6     117.1            2.4           5.4
including             120.7     122.0            1.2           6.2
                      133.9     140.5            6.6           2.1
6-191                 114.6     122.0            7.3           3.0
6-192                  74.4      77.3            2.9          10.8
6-193                  74.6      77.2            2.5           8.9
6-194                  73.0      75.0            2.0           7.4
6-195                  84.6      85.7            1.1          13.4
6-196                  74.6      75.6            1.0           2.0
6-197                  89.1      92.1            3.0           8.0
6-198                  79.9      81.6            1.8           6.4

(i) Core length

These holes demonstrate the concentration of gold mineralization between level 4 and level 8 in the Hewfran sector. The development activities are presently within 50 metres from the 8-H-14 sector. The construction of a diamond drill bay on level 8 is planned in October to drill below toward level 10 and level 12.

The development activities reached the mineralized zone in the 6-H-10 last week. The average width of the ore is four metres over the first 11 metres of sill excavated. The grade to date is 11.4 grams per tonne over the excavated length. The vein remains open to the east and west.

The true width is between 60 per cent and 80 per cent of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 31 grams per tonne gold or one ounce gold. The samples were assayed by fire assay at Metanor's 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.