Mr. Ronald Perry reports

METANOR INTERSECTS 14.5 G/T AU OVER 7.2 M AT BACHELOR MINE

Metanor Resources Inc. is providing an update on its underground exploration drilling program at the Bachelor mine. The drilling continues below level 14 and now level 15 from the new ramp heading toward level 15.

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

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

14-121              92.8        97.0           4.1           9.0      15-0-1
14-122              81.5        91.1           9.6           7.2      15-0-3
14-123              82.8        90.2           7.4           5.7      15-0-3
14-124              80.5        82.8           2.3           1.1      15-0-3
14-133              76.8        78.0           1.2           4.4      15-0-1
14-138             105.2       111.3           6.1          15.7      16-0-1
14-139             106.7       113.9           7.2          14.5      16-0-1

(i) Core length.

The drilling continues at depth toward level 16, and to the west below levels 14 and 15. The drill bases follow the development of the main ramp to maintain a good drill angle at depth.

Metanor estimates that the mineralized intercepts' true thicknesses reach 60 per cent to 65 per cent of the drill cores. A capping of 31 grams per tonne was used, or one gold ounce. The company 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 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 National Instrument 43-101, responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.