November 28, 2006 11:47 ET

Metanor Resources Inc.: New Members on its Board of Directors and Agreement with Renmark as Investor Relations Firm

VAL-D'OR, QUEBEC--(CCNMatthews - Nov. 28, 2006) - Metanor Resources Inc. (TSX VENTURE:MTO) "Metanor" announces modifications to the composition of its Board of directors. At the Metanor' annual shareholders meeting held last November 24, the directors in function were re-elected (Serge Roy, Yves Gagnon, Raymond Couture and Marie-Louis Roy). Metanor informs of the election of two new members, misters Richard Seguin and Malcolm P. Duncan, to its Board of directors. Mister Seguin is a member of the Quebec Chartered Accountants since 1978. He is director, Enterprises services of the RBC Royal Bank of Val-d'Or. Mister Duncan is a business man living in Texas). He holds a first degree in business administration from the University of Texas. The experience and expertise of those two members will be profitable for Metanor and will help in the realization of its actual and future projects.

The Board of directors is now formed of six directors, of which three are members of the executive committee: Serge Roy, president, Yves Gagnon, vice-president, Richard Seguin, treasurer and Raymond Couture, Marie-Louis Roy and Malcolm P. Duncan.

The new audit committee was formed and will be composed of Richard Seguin, president and of Raymond Couture and Serge Roy.

Furthermore, Metanor announces that an agreement was signed with Renmark Financial Communications to provide investor relations and financial communications services to the Society. Renmark, located in Montreal, is providing communications services to several Canadian public companies. The agreement for these services, which has a 12 months term, can be terminated with 30 days notice after the first six months, requires monthly retainer of $6,000.

The activities of Metanor essentially pertains to the exploration of mining properties (auriferous bearing and base metal) with high potential located in the Provinces of Quebec and Ontario, with a targeting commercial exploitation. Considering the increasing interest for gold actually known by the mining Industry, the infrastructures of the Bachelor Lake Mine combined with the geological potential of the auriferous resources of the Lac Bachelor, Hewfran and Dubuisson properties, confirmed the potential for growth of Metanor.

25,169,708 outstanding shares

TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.

Contact Information