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Metanor Announces Preliminary Drilling Results from Diamond Drilling Campaign at Barry Property

Metanor Resources Inc. (Metanor) is pleased to announce the preliminary drilling results from the 1,200 m diamond drilling campaign at the Barry property, located 116 km from the Bachelor mill.

The drilling program at Barry aimed to test the extension of high grade mineralization and the new mineralization model proposed by GoldMinds Geoservices Qualified Person (QP), Claude Duplessis P.Eng. The drill program is almost completed.

Previous modeling of the mineralization and estimation of resources was done under the basis that mineralization was striking North-East and dipping South East. Goldminds' analysis of the high grade mineralization using GENESIS © software has allowed the visualisation of 3 stacked oreshoots plunging East at 19 degrees over 225m strike length (open) inclined to the south at 49 degrees, these high grade zones are about 55-60m wide (25-30m true thickness-see figure attached) These high grade zones are located to the west and connect the west pit and the center pit in the East direction.

This trend was also tested in other sectors and Hole MB-16-14 located to the extreme East of the Main Pit demonstrates continuity of high grade mineralisation in that direction. Hole MB-16-07 located in the west outside the pit area has also shown mineralization of interest and is in line with limited surrounding holes. This will require additional drilling to define a possible new zone to the West.

Preliminary highlights of the program at Barry - Partial results (only holes 06, 07, are completed)

Hole Number from (m) to (m) Length(*) grade Au (g/t)
MB-16-04 1.6 6 4.4 2.1
MB-16-04 17 27 10 2.5
MB-16-06 28 58 30 1.8
including 28 41 13 3.6
MB-16-07 58 78 20 0.8
MB-16-14 52 61 9 5.4

(*) Core length

Included maps:

1) Location map of the drilling program

2) Section with high grade mineralization trend

3) Typical high grade mineralization

GoldMinds estimates that the mineralized intercepts' true thicknesses are between 90% and 95% of the drill cores. No capping was used. A rigorous, industry-standard, QA/QC program is in place. 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 independent quality control program of the assay results (QA/QC) adopted by GoldMinds includes a minimum of 5% of controlled core & assays being conducted by an independent ALS-certified assay laboratory in Val-d'Or, Québec. Actual QA/QC results demonstrate results can be disclosed and relied upon

Qualified Persons

Pascal Hamelin, P. Eng., 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.

Claude Duplessis, P. Eng., from GoldMinds Geoservices Inc. is the independent Qualified Person under NI 43-101 which has prepared and reviewed the technical information contained in this news release.


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