METANOR RESOURCES INC.
TSX VENTURE : MTO

METANOR RESOURCES INC.

August 22, 2013 09:19 ET

Metanor Intersects 11.11 g/t Over 13.44 m and 8.04 g/t Over 7.92 m at Bachelor

VAL-D'OR, QUEBEC--(Marketwired - Aug. 22, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the current drilling program at its Bachelor project.

Metanor is continuing with the underground drilling program of the « Main », « A » and « E » (called before A-1) veins, from various levels of the mine. As mentioned in the April 29th and June 6th 2013 press releases, the drilling completed in the western extension of the deposit was used to locate the offset of the «Main» vein west of the «E» vein. Additional drillings and the development of a drift confirmed the mineralization at that location. A new drill station is being developed and will be completed very shortly on level 12. This station will allow Métanor to further explore this western extension between level 13 and 11.

On level 14, the first drilling phase validated the presence of the «Main» vein in the eastern section of the mine. In its second phase, the drilling program will be targeting the offset of the «Main» vein west of the «E» vein between level 13 and 15.

Presently, the «A» vein is being defined between level 11 and 13. The area being covered by the drilling program is in the east part of the mine and corresponds to the extension at depth of the known corridor of the «A» vein.

The table below summarizes the significant intersections obtained in these structures in the last few weeks:

Hole From (m) To (m) Width (m)* Au Grade (g/T) Zone
WEST SECTOR
13-072 23.70 26.75 3.05 9.83 E
13-074 54.80 57.61 2.81 4.67 M
80.01 81.15 1.14 6.23 M-1
13-096 57.73 71.17 13.44 11.11 M & E
13-097 37.43 57.30 19.87 3.63 M & E
Incl. 50.60 57.30 6.70 6.00 M & E
EAST SECTOR
13-077 114.45 117.17 2.72 11.24 A
13-079 140.21 146.46 6.25 6.57 A
13-080 120.73 124.15 3.42 7.60 A
13-081 129.18 130.25 1.07 6.58 A
14-002 67.06 74.98 7.92 8.04 M & E
14-003 84.28 86.39 2.11 11.62 M
14-005 125.78 127.08 1.30 14.90 E
14-007 70.29 75.59 5.30 8.67 M
14-008 83.82 85.03 1.21 24.60 E
14-009 74.9 76.53 1.63 15.56 E
14-019 59.44 61.87 2.43 3.95 M
14-023 78.49 82.96 4.47 7.13 M
14-024 66.83 69.24 2.41 4.82 M
14-026 108.41 111.35 2.94 26.73 M
14-027 90.63 91.44 0.81 23.40 M
14-030 104.34 107.24 2.90 7.00 M
* : Core length

The true width is approximately 50 to 70% of the core length obtained in diamond drill holes aiming the western sector, and 70 to 90% in the eastern sector. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.

Qualified Person

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.

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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