Mr. Ronald Perry reports

METANOR INTERSECTS 9.6 G/T AU OVER 7.6 M AT BACHELOR MINE

Metanor Resources Inc. is providing an update on its continuing underground drilling program at the Bachelor mine.

Underground drilling from below level 14 continues to intersect the main vein at depth below the current orebody. The longitudinal section in the attached table shows the intercept and demonstrates the potential extension of the main vein at depth. Furthermore, three holes drilled west of a fault have also intersected the main vein at depth, further defining what could prove to be a promising area for continuing resource growth at the mine. Future drilling will continue to focus on these two areas at depth as the ramp progresses deeper.

The drill hole results are presented in the attached table.

                     From           To       Length     Grade Au
Hole No.               (m)          (m)       (m)(1)        (g/t)        Zone


14-172               84.5         87.7          3.2          4.6     16-00-03
14-172              103.7        105.2          1.5          3.6
14-173               89.0         91.5          2.4          4.4
14-174               91.2         95.9          4.6          6.6
14-175               68.9         71.0          2.1         15.0
14-175               80.2         87.8          7.6          9.6

14-176               78.7         82.3          3.6         11.9     16-00-01
14-177               72.4         76.2          3.8          6.2
14-178               62.6         64.7          2.2          8.6

(1) Core length.                                           

Quality control and reporting protocols

Metanor estimates that the mineralized intercepts' true thicknesses are 55 per cent to 70 per cent of the drill core intercepts reported. Grades were capped at 31 grams per tonne. The company employs a rigorous, industry-standard quality assurance/quality control (QA/QC) 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.

About the Bachelor mine

The Bachelor mine extracts gold from a series of subvertical narrow veins using an underground longhole mining method with access through conventional track drifts from a vertical shaft. The ore is processed on site in a mill using carbon in pulp to separate the gold from the ore. All the lodging facilities are on site, connected to the power grid and accessible from a paved highway.

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.