Mr. Ronald Perry reports

METANOR DISCOVERS NEW GOLD ZONES ON THE MOROY PROPERTY

Metanor Resources Inc. has provided the results of the surface diamond drilling campaign on the Moroy property located one kilometre from the Bachelor mill.

To date, approximately 14,600 metres of drilling have been completed on the Moroy property as part of the continuing 60,000-metre drilling campaign intended to increase the mineral resource in this area.

All of the drill holes contain gold and some have intersected up to three different gold intersections. The drilling campaign continues while interpretations are under way to evaluate the structural controls associated with the gold zones.

The details of the intersections obtained from the drill holes are described in the attached table.

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

MO-16-128              238.4       240.8         2.4         4.7       South
MO-16-129              155.2       156.9         1.7         3.6    New zone
MO-16-131              442.9       448.0         5.1         3.1       South
MO-16-132              170.9       176.7         5.8         2.4    New zone
MO-16-139               66.5        75.9         9.4         1.6       South
MO-16-145              106.5       107.0         0.5         2.9       South
MO-16-146              322.7       325.2         2.5         3.1    New zone
MO-16-146              561.6       572.5        10.9         2.5    New zone
MO-16-147              104.2       108.0         3.8         1.4       South
MO-16-148              188.9       191.1         2.3         3.9       South
Mo-16-149              218.0       220.9         2.9         2.1       South
MO-16-150              186.6       189.7         3.1         3.0       South
MO-16-151              209.2       212.0         2.8         1.5       South
MO-16-152              181.9       183.1         1.2   Low value       South
MO-16-153              208.4       211.6         3.2         6.1       South
MO-16-154              203.2       206.0         2.8   Low value       South
MO-16-155              203.6       205.0         1.4         2.1       South
MO-16-156               92.5        94.6         2.1         4.9       South
MO-16-156              178.6       185.5         6.9         1.6    New zone
MO-16-157              210.1       211.4         1.4         4.0       South
MO-16-158               15.8        19.3         3.6         3.9       South
MO-16-159               13.3        27.2        13.8         6.9       South
MO-16-161              312.3       315.1         2.8         6.5    New zone
MO-16-162               84.0        90.7         6.7         2.3    New zone
                                                                   (O'Brien)
MO-16-163               61.5        62.5         1.0         2.0       South
MO-16-164              249.4       250.9         1.6         9.2    New zone
MO-16-165               54.9        55.8         1.0         9.8    New zone
MO-16-165              368.9       374.4         5.5         6.5    New zone
MO-16-166              249.1       256.4         7.3         2.3       South
MO-16-166              381.1       392.1        11.0         4.2    New zone
Including              382.6       385.4         2.7         6.6    New zone
Including              390.2       392.1         1.8        11.2    New zone
MO-16-167               53.1        54.1         1.0         2.3       South
MO-16-168              128.4       133.1         4.6   Low value       South
MO-16-169              146.0       162.7        16.7         1.9    New zone
Including              149.7       152.4         2.7         3.3    New zone
Including              154.3       156.2         1.9         3.3    New zone
Including              161.6       162.7         1.1         8.4    New zone
MO-16-171               96.1        99.0         2.9         1.7       South
MO-16-172              538.9       540.2         1.3         1.1       South

(i) Core length                                                             

Metanor estimates that the mineralized intercepts' true thicknesses are about 60 to 80 per cent of the drill cores. A capping of 31 grams per tonne was used or one Au ounce. Metanor uses a rigorous, industry-standard, quality assurance/quality control program. 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 quality control program of the assay results (QA/QC) adopted by Metanor includes a minimum of 10 per cent of controlled assays being conducted as well as verification by an independent ALS-certified assay laboratory in Val d'Or, Que. Results of the spot checks were consistent with those reported.

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.

We seek Safe Harbor.