Mr. Greg Gibson reports

METANOR EXTENDS EXPLORATION DRILLING AT THE NEW BART ZONE INTERSECTING 18.9 G/T AU OVER 1.6 METRES IN A HIGH-GRADE SHEAR ZONE

Metanor Resources Inc. has released new high-grade intercepts including 18.9 grams per tonne gold over 1.6 metres at the New Bart zone, located 3.5 kilometres west of the Barry project in the Urban-Barry camp, 110 km south of the Bachelor mill.

Metanor began drilling the Bart zone in late 2017 and will continue to drill during the 2018 campaign. The company has now completed 12 holes for a total of 2,985 metres. The holes were designed to test historical gold grades, such as 23.8 g/t Au over 4.4 metres and 11.8 g/t Au over 6.5 metres. These drill holes were completed by Oracle in the 1990s. From this recent drilling the exploration team has been able to identify and confirm gold-bearing shears/veins within the mafic intrusive host.

Highlights of drill intercepts in high-grade shear zones include:

• BEO-17-79 from 189.7 m to 190.2 m 119.0 g/t Au over 0.5 m (quartz veining with plus or minus 50 grains of visible gold within sheared gabbro);
• BEO-17-80 from 150.4 m to 152.0 m 18.9 g/t Au over 1.6 m (silicified zone with 2 per cent fine pyrite).

         HIGHLIGHTS OF THE BART ZONE

Hole      From (m) To (m) Au (g/t) Length (m)

BEO-17-79   151.0  151.5     15.6        0.5
            189.7  190.2    119.0        0.5
BEO-17-80   150.4  152.0     18.9        1.6
BEO-17-83     8.0    8.5      6.4        0.5
BEO-17-84   134.6  135.1      3.1        0.5
BEO-17-85   190.6  191.3      5.5        0.7
BEO-17-89   105.0  105.5     18.7        0.5

Greg Gibson, interim chief executive officer, stated, "With these new high-grade intercepts on the New Bart zone, it strengthens the belief that the Urban-Barry camp is part of a much larger system that is still yet to be fully exploited."

Quality control and reporting protocols

Metanor estimates that the actual thicknesses of the mineralized intersections are between 70 per cent and 95 per cent of the core lengths. No capping grade is used at this stage. The company uses a rigorous quality assurance/quality control analytical program according to industry standards. The analytical results were done by pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company QA/QC analytical verification program requires that a minimum of 5 per cent of the samples be audited at an independent laboratory. These audit assays were sent to ALS laboratory located in Val d'Or, Que. The results of the audits are consistent with those obtained.

The New Bart zone

The New Bart zone is located within the Barry claim package, 3.5 kilometres west of the Barry project. The host rock is composed of alternating basalt/andesite and gabbro/diorite packages that contain gold-bearing shear zones and quartz veins.

Qualified persons

Pascal Hamelin, PEng, president and chief operating officer, is the qualified person under National Instrument 43-101, who is responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.