Mr. Ronald Perry reports

METANOR INTERSECTS 4.25 G/T AU OVER 16.7 METERS AT BARRY

Metanor Resources Inc. has released preliminary results from its 10,000-metre drilling campaign currently under way at the Barry project near the old pits. This drill program, targeting the area covered by the mining lease, aims to delineate the extensions to the west, southwest and to validate the geometry of the mineralized materials north of the regional shear Urban-Barry. Results from 13 new drill holes are reported in this press release.

Holes 16, 19, 20, 21 and 22 were drilled north of the existing pits. Holes 17 and 18 were drilled to west of the pits, and holes 23 to 28 were drilled to the southwest of the pits.

Highlights

• 4.14 grams per tonne over 3.6 metres in MB-16-17;
• 4.25 g/t over 16.7 m in MB-16-24, including 11.89 g/t over 4.8 m;
• 1.30 g/t over 15.45 m in MB-16-26, including 2.18 g/t over 6.85 m;
• 2.33 g/t over 16.8 m in MB-16-27, including 3.58 g/t over eight m;
• 2.27 g/t over 16.6 m in MB-16-28, including 3.67 g/t over 5.5 m.

Holes 16, 19, 20, 21 and 22 that were drilled to the north tend to demonstrate that the mineralization may not be oriented the same way north of the pits. Hole 20 did not intersect the gold intersected by hole 19. Holes 16, 21 and 22 did not intersect significant values. Additional holes in a different direction should be drilled to validate this possibility.

Holes 17 and 18 drilled to the west intersected interesting mineralization near surface in relation to the presence of a porphyry intrusive below another porphyry. This sector is open to the west and at depth.

The holes 23 to 28 located southwest from the pits intersected the mineralization on the contact of the intrusive. Only hole 25 did not intersect mineralization because it was too shallow, and it should be extended eventually. These new holes confirm the extension of a zone at least 250 m along strike by 200 m along dip. The zone is open in all directions.

                                  DRILL RESULTS

Drill hole                 From             To         Length             Au
                             (m)            (m)            (m)          (g/t)

MB-16-17                  24.00          27.60           3.60           4.14
MB-16-17                  34.00          36.30           2.30           2.07
MB-16-17                  82.00          83.50           1.50           1.60
MB-16-17                 131.00         133.00           2.00           2.50
MB-16-18                  93.40          97.90           4.50           0.69
MB-16-19                  26.80          29.70           2.90           1.15
MB-16-19                  70.70          72.00           1.30           1.31
MB-16-19                 108.60         110.60           2.00           1.91
MB-16-23                  80.20          83.40           3.20           1.22
MB-16-24                  61.20          64.60           3.40           0.81
MB-16-24                 187.00         203.70          16.70           4.25
including                191.20         196.00           4.80          11.89
MB-16-26                  36.15          53.20          15.45           1.30
including                 36.15          43.00           6.85           2.18
MB-16-27                 101.70         126.00          16.80           2.33
including                118.00         126.00           8.00           3.58
MB-16-28                  89.40          92.50           3.10           1.01
MB-16-28                 118.50         136.50          16.60           2.27
including                122.10         127.60           5.50           3.67
MB-16-28                 158.00         162.80           4.80           3.38

Core length (true thickness at 90 per cent), assay uncut.

A map of the Barry gold deposit is available on-line.

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 (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 National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.

Claude Duplessis, Ing, of Goldminds Geoservices Inc., is the independent qualified person under NI 43-101 who has prepared and reviewed the technical information contained in this release.

We seek Safe Harbor.