METANOR RESOURCES INC.
TSX VENTURE : MTO

METANOR RESOURCES INC.

October 03, 2005 11:45 ET

Metanor - Equipment Acquisition (Hoist, Componants and Camp)

VAL-D'OR, QUEBEC--(CCNMatthews - Oct. 3, 2005) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) announces that under the terms of an agreement accepted on August 29, 2005, it acquired a Bertram Norberg hoist with 210 ft shieve wheels, electrical components and the foundation plans, and also a 9 trailers camp. The purchase price of the hoist and camp will be payable to the vendor, Ross-Finlay Inc. as follows:

For the hoist: $ 100,000 payable cash upon taking possession and 125,000 shares of Metanor at the issuing price of $0.85/share. These shares will be submitted to minimum 4 months holding period and they will be issued after the regulatory approval.

For the camp: $85,000 payable cash upon taking possession.

Shares outstanding : 17,267,598

The TSX Venture does not accept responsibility for the adequacy or the accuracy of this news release.

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