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Metanor Resources Inc
Symbol MTO
Shares Issued 267,266,066
Close 2014-02-12 C$ 0.20
Market Cap C$ 53,453,213
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Metanor Resources produces 4,028 oz Au in January

2014-02-13 09:02 ET - News Release

Mr. Ronald Perry reports

METANOR PRODUCES 4,028 OUNCES OF GOLD IN JANUARY AT BACHELOR

Metanor Resources Inc. has produced 4,028 ounces of gold during the month of January at its Bachelor mine.

The ounces produced in January came from development activities on levels 14, 13, 12 and 10 as well as from stopes on levels 14, 13, 12, 11 and 10, for a total of 21,407 tonnes of ore at a feed grade of 6.06 grams per tonne with a 96.6-per-cent recovery.

In addition, the underground team developed a record 690 metres of drifts and sublevels during the month of January alone, allowing for the opening of many stopes on different levels. As a result, the mine had eight active stopes during the month of January, allowing for a constant feed to the mill.

Ghislain Morin, president and chief executive officer, and Serge Roy, executive chairman of the board, declare: "We are very pleased with the achievement of this new record in January which assures the sustainability of our production for the coming months. We also take this opportunity to thank our shareholders for their trust, the suppliers for their support, and our employees for their dedication."

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.

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