Metanor Resources Inc.

Metanor Resources Inc.

May 29, 2013 09:20 ET

Metanor Intersects 8.49 g/T Over 15.24 m, and 14.17 g/T Over 5.64 m at its Bachelor Project

VAL-D'OR, QUEBEC--(Marketwired - May 29, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the current drilling program at its Bachelor project.

Metanor continues the underground drilling program of the « Main », « A-1 » and « B » veins, from various levels of the mine. As mentioned in the April 29, 2013 press release available on Sedar, the company is in the process of determining the lateral extensions of these veins. Since then, the drilling progressed in the western extension of the mine on level 13, and began on level 14.

On level 13, the western extension, which is subject to a 100 meters offset going south, continues to provide positive results. The development of a drift to allow access to this sector will begin in the coming quarter on level 13.

On level 14, Metanor began the drilling of the Main vein. As well, the development crews began the excavation of the ore sills in both the Main and B veins.

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

Hole From (m) To (m) Width (m)* Grade Au
13-066 14.02 19.39 5.37 4.16 A-1
13-070 51.26 51.94 0.68 7.35 Main-1
57.96 59.89 1.93 22.64 Main-2
68.81 83.82 15.01 4.91 Main
90.65 95.10 4.45 9.21 B
14-002 67.06 82.30 15.24 8.49 Main
14-003 84.28 89.92 5.64 14.17 Main
14-005 125.78 128.02 2.24 12.48 Main
* : Core length

Metanor is very encouraged by the progress made to date regarding the project ramp up, and by the drilling results obtained at Bachelor. The latest drilling completed on level 13 and 14 demonstrates, again, and significantly the extension of the mineralized structures going west, which would potentially increase the available resources.

The true width is approximately 70 to 80% of the core length obtained in diamond drill holes aiming the western 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.

237,650,916 outstanding shares

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

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