Mr. Ronald Perry reports

METANOR INTERSECTS 10.1 G/T AU OVER 26.2 METERS NEAR SURFACE

Metanor Resources Inc. has provided an update on its exploration drilling program, from the surface, in the area surrounding the Bachelor mine. A surface drill located 925 metres south of the Bachelor mine has intersected 10.1 grams per tonne (g/t) over 26.2 metres of drill cores assayed. The drilling continues in the same hole since there are more potential targets at depth. This result is part of a drill campaign that is a following up from holes drilled in 2013 and a geophysical survey completed in the fall 2014 in the region surrounding Bachelor mine. See the press release published March 12, 2015, for more details.

Initially, hole MO-15-08 was drilled in August. Following the results obtained from this first hole, a geophysical survey using a hole to hole -- induced polarization (H2H IP) method was conducted in the first hole, and indicated a large anomaly in the area. A second surface drill rig was brought in to drill hole MO-15-14. The location of the second hole targeted the large anomaly.

The results are in the attached table.

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

MO-15-08       605.0 606.0       1.0      26.8    Hematized sheared Tuf -- 2 per cent pyrite (Py)

               611.8 613.3       1.5       7.5    Hematized sheared Tuf -- 2 per cent Py

MO-15-14         6.4  32.6      26.2      10.1    Hematized sheared Tuf -- 1 to 4 per cent Py, visible gold at 10.2 m

(i) Core length                                                              

In the next coming days, the second rig will continue to drill around this hole MO-15-14 to complete a series of short holes, to better define the azimuth and dip of this vein, and to verify its dimension. The future results will be published as they become available in the coming weeks. The first surface drill rig continues to drill the other anomalies identified in 2014 in the region surrounding Bachelor mine.

The true width of the vein cannot be determined at this point from the core obtained in diamond drill holes. More holes are required to define the direction and dip of the vein. The cap-off grade used in the analysis is 31 g/t or one ounce 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 NI 43-101, responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.