Mr. Pascal Hamelin reports

METANOR CLOSES TRANSACTION AMENDING THE BACHELOR GOLD STREAM

Metanor Resources Inc. has completed the previously announced transaction (press release issued Sept. 18, 2017) with Sandstorm Gold Ltd., pursuant to which the existing gold stream on the Bachelor mine (which requires Metanor to sell 20 per cent of its gold production at the fixed price of $500 (U.S.)) will be eliminated and replaced by a 3.9-per-cent net smelter return royalty (NSR) on all minerals produced from the Bachelor and Barry properties once the corporation has delivered to Sandstorm 12,000 ounces of gold at the fixed price of $500 (U.S.). Such royalties can be reduced to 1.8 per cent upon payment of $2-million (U.S.) for each property. As part of the consideration, the corporation issued a total of 3,164,156 common shares to Sandstorm, at the deemed price of 77 cents per common share for an aggregate value of $2,436,400 (Canadian) on Sept. 29, 2017. The common shares are subject to a four-month hold period from the date of issue, and this transaction remains subject to regulatory approval.

About Metanor Resources Inc.

Metanor Resources is a Quebec-based emerging gold producer having its main assets, the Bachelor mine and the Barry project, in addition to over 15,000 hectares of exploration property, located in the mining-friendly jurisdiction of Quebec in the heart of the Urban-Barry camp. With the support of strategic investors and a strong management team experienced at all levels of project development and project financing, Metanor is seeking growth through the development of its properties using a partnership approach with local communities.

We seek Safe Harbor.