Mr. Ronald Perry reports

METANOR INTERSECTS 2.1 G/T AU OVER 40M AND CONFIRMS NEW ZONE TO THE WEST OF THE EXISTING PITS

Metanor Resources Inc. has released additional drilling results from the diamond drilling campaign recently completed at the Barry property, located 116 kilometres from the Bachelor mill, for a total of 1,370 metres drilled.

Drill campaign highlights to date:

• 40 metres at 2.1 grams per tonne gold in hole MB-16-14, east extension of the main pit;
• 33 metres at 1.9 grams per tonne gold in hole MB-16-12, central extension of the main pit;
• 30 metres at 1.8 grams per tonne gold in hole MB-16-06, connection of the west and centre pit;
• 27 metres at 1.6 grams per tonne gold in hole MB-16-08, south extension of the main pit;
• 14 metres at 2.8 grams per tonne gold in hole MB-16-05, connection of the west and centre pit;
• 10 metres at 2.5 grams per tonne gold in hole MB-16-04, west extension of the main pit;
• 14 metres at 1.5 grams per tonne gold in hole MB-16-01, east extension of the centre pit;
• Eight metres at 4.1 grams per tonne gold in hole MB-16-13, central extension of the main pit.

Including:

• Three grams per tonne gold over six metres in hole MB-16-01;
• 3.6 grams per tonne gold over 13 metres in hole MB-16-06;
• 5.4 grams per tonne gold over five metres in hole MB-16-08;
• 4.4 grams per tonne gold over eight metres in hole MB-16-12;
• 5.4 grams per tonne gold over nine metres in hole MB-16-14.

The results from holes MB-16-05 and MB-16-06 confirm the connection of the mineralization between the west and the centre pit. Hole MB-16-01 demonstrates the extension at depth of the mineralized trend. Hole MB-16-02 had to be relocated during execution, for safety reasons, and was therefore unable to hit the target. Hole MB-16-03 demonstrates the mineralization under the intrusive while MB-16-04 shows the mineralization near surface.

The holes MB-16-08, 09, 12, 13 and 14 demonstrate mineralization to the south in the extensions of the mined areas. Hole MB-16-08 shows the continuity of the mineralization near surface at 100 metres south from the main pit. The assay results from MB-16-10 and 11 are pending.

The holes MB-16-07 and 15 confirmed a new mineralized zone located a further 250 kilometres west from the existing western pit. The mineralization in this sector is located in the basalt, above the quartz feldspar porphyry (QFP), whereas in the other sector of the project, the mineralization is located in the basalt, above the granodiorite. An old cut 141.7E located near 500 metres to the west reveals gold at surface and could be the extension of this zone. More work will be required to validate the dimension of this new gold zone.

The drill campaign at Barry met its objectives; to extend the mineralized zones and to validate zones at higher grade in the new mineralization model proposed by Claude Duplessis, Ing, the qualified person from GoldMinds Geoservices Inc. The assaying continues and results will be published as they become available.

       RESULTS OF THE PROGRAM AT BARRY (ONLY HOLES 10 AND 11 ARE PENDING)

Hole No.               From         To      Length (i)    Grade Au      Note 
                         (m)        (m)         (m)           (g/t)

MB-16-01                 95          109        14             1.5         1  
Including               103          109         6             3.0         1  
MB-16-02                 22          30          8             0.8         1  
MB-16-03                 43          46          3             3.4         1  
MB-16-05                 38          52         14             2.8         1  
MB-16-05                 63          71          8             1.7         1  
MB-16-08                 36          63         27             1.6         1  
Including                36          41          5             5.4         1  
MB-16-09                 28          32          4             1.0         1  
MB-16-09                 54          59          5             1.5         1  
MB-16-09                 79          84          5             2.1         1  
MB-16-09                140          143         3             3.2         1  
MB-16-10                                   Pending results                 3  
MB-16-11                                   Pending results                 3  
MB-16-12                  7           40        33             1.9         1  
Including                16          40         24             2.4         1  
Including                22          40         18             3.1         1  
Including                22          30          8             4.4         1  
Including                35          39          4             4.9         1  
MB-16-12                 50          59          9             1.2         1  
Including                50          53          3             2.2         1  
MB-16-13                 33          37          4             1.2         1  
MB-16-13                 43          51          8             4.1         1  
MB-16-14                 21          61         40             2.1         1  
Including                52          61          9             5.4         2  
MB-16-15                101          126        27             0.9         1  
Including               101          106         5             2.2         1  
Including               110          119        10             0.9         1  

(i) Core length                                    
Note: 1. New results                               
      2. Results published April 27, 2016          
      3. Pending results                           

The map associated with this press release is available on-line.

GoldMinds estimates that the mineralized intercepts' true thicknesses are 90 per cent of the drill cores. No capping was used. A rigorous, industry-standard, quality assurance/quality control program is in place. The samples were assayed by fire assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The independent quality control program of the assay results (QA/QC) adopted by GoldMinds includes a minimum of 5 per cent of controlled core and assays being conducted by an independent ALS-certified assay laboratory in Val d'Or, Que. Actual QA/QC results demonstrate results can be disclosed and relied upon.

Qualified persons

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.

Mr. Duplessis, PEng, from GoldMinds Geoservices, is the independent qualified person under NI 43-101 which has prepared and reviewed the technical information contained in this news release.

We seek Safe Harbor.