SOURCE: Metanor Resources Corp.

March 22, 2007 10:04 ET

Howlett Research Corp. Publishes Research Report on Metanor Resources Inc.

VANCOUVER, BC -- (MARKET WIRE) -- March 22, 2007 -- Howlett Research Corp. (, a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a research report on Metanor Resources Inc. ("Metanor") (TSX-V: MTO) (PINKSHEETS: MEAOF) (

Since closing its IPO late in 2003, Metanor has assembled a portfolio of 3 mineral properties in Québec and an option on another in Sudbury, Ontario. Currently, Metanor is aggressively pursuing its 2007/08 program at Lac Bachelor which includes:

--  Commencing gold production at its now 100%-owned Lac Bachelor mill
    complex, and
--  Increasing gold resources to feed, both internally and through
    additional acquisition.
The Lac Bachelor Property is located in the Val D'Or area of Quebec and includes a former 500 ton per day mill which is presently being refurbished. Mineral resources have been documented (2005) as follows:
2005 Resource Estimate (43-101 compliant)
                   Measured     Indicated      Inferred       Total
                   --------     ---------     ---------       -----
Metric Tonnes       192,594       648,997       426,148   1,267,739
Grade                  8.80          7.49          6.52        7.37
Ounces               54,504       156,352        89,366     300,222
In December 2006, Metanor acquired Murgor Resources' 100% interest in the Barry gold deposit roughly 65 kilometers from Lac Bachelor for initial processing at its Lac Bachelor mill. Resources identified are as follows:
Current Barry Resources (43-101 compliant)
                   Indicated     Inferred      Total
                   ---------     --------      -----
Metric Tonnes        269,000      450,000    719,000
Grade                   4.10         4.68       4.46
Ounces                35,500       67,600    103,100
The full report can be found at

About Howlett Research Corp. (HRC)

Based in British Columbia, Canada, HRC has been completing company specific research reports for publicly listed companies for several years in a variety of industry sectors. The reports are developed for quality junior to medium sized companies that lack adequate coverage by the financial community.

HRC has accepted a cash fee of under $10,000 from Metanor in preparing the research report which represents the total consideration due. Howlett Research Corp. has not been involved in, nor does it envision participating in any transaction or investment banking business related to Prize. Howlett Research Corp. does not own shares of Metanor and does not trade in its shares.

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