Mr. Ronald Perry reports

METANOR INTERSECTS 8.1 G/T AU OVER 7.9 M AT BACHELOR MINE

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

Underground drilling below level 14 continues to intersect the main vein at depth, below the current orebody and further to the west. The longitudinal section below shows the intercept and demonstrates the potential extension of the main vein at depth. In addition, two holes drilled farther west of a fault have also intersected the main vein at depth further defining what could prove to be a promising area for ongoing resource growth at depth. Upcoming drilling will continue to focus on these 2 areas at depth as the ramp progresses deeper.

Mr. Roy, executive chairman, adds, " We continue to be pleased with positive ore-grade intercepts discovered outside the existing resources of the Bachelor Lake mine, and we believe that this mine will continue production for many years in the future, which is typical for such mines in these geological settings."

The drill hole results are presented in the attached table.

           From      To    Length    Grade Au
Hole No.     (m)     (m)    (m)(1)       (g/t)       Zone   
                                                      
14-179     58.8    59.5       0.6         0.3    16-00-01
14-180     68.0    72.6       4.6        13.6                  
14-181     82.9    89.0       6.1         6.7                   
                                                      
E16-120    82.3    90.2       7.9         8.1    16-00-02
E16-121    74.7    76.2       1.5         3.3                   

(1) Core length.                                

Quality control and reporting protocols

Metanor estimates that the mineralized intercepts true thicknesses are 60 per cent to 75 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 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.

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.