September 23, 2010 13:50 ET

Metanor Resources Inc.: Drilling Campaign of 25,000 Meters to Continue to Grow the Resource at Barry

VAL-D'OR, QUEBEC--(Marketwire - Sept. 23, 2010) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) and its exploration team are pleased to announce a drilling campaign of 25,000 meters on the Barry property.

The purpose of this drill campaign is to increase the known resource considerably. Operating and extracting ore from the Barry pit and the past drill campaign have enabled Metanor to have a very good comprehension of the geological structure and the continuity of the gold bearing zones. Moreover, strong intensity anomalies other than those of the Barry pit, where resources of several million tonnes were recently announced (Press Release dated September 21,2010), were discovered east and west of the pit by an induced polarization (IP) survey executed by Abitibi Geophysique of Val d'Or in 2009.(Press Release dated February 24, 2010)

New Resources calculated on approximately only 3% of the entire Barry property:

Indicated Resources 2007** 2010 % Increase
  Tonnes 385,000 7,701,000 1,900%
  Ounces Au 52,300 (4.23g/t) 309,500 (1.25g/t) 491%
Inferred Resources      
  Tonnes 966,000 10,411,000 977%
  Ounces Au 126,600 (4.07g/t) 471,950 (1.41g/t) 272%
** announced by Press Release May 8, 2007   

These indices demonstrate the potential to rapidly increase the resources at Barry.
The present gold corridor (pit) is nearly 1 km long with a width of approximately 140 m and up to depths ranging from 75m to 125m. The Barry pit is still open in all directions.

This drilling campaign will target these strong anomalies to the East and West with the goal of extending the gold zone more than 5 km. Further, Metanor would drill around the present 1 km corridor (pit) and also below 125 m.

Metanor and all its team have great confidence in the future of the Barry property and its potential in becoming a major deposit in the Quebec mining industry.

Mr. André Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.

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