December 13, 2007 09:30 ET

Metanor Resources Inc.: New Members on its Board of Directors, Approval of the Shareholders Rights Plan and of the Modification of the Stock Option Plan

VAL-D'OR, QUEBEC--(Marketwire - Dec. 13, 2007) - Metanor Resources Inc. (TSX VENTURE:MTO) "Metanor" is pleased to announce changes in the composition of its Board of Directors. At the Metanor' annual shareholders meeting held last November 28, the nominee directors were elected: Misters Serge Roy, Ronald Perry, Raymond Couture, Malcolm P. Duncan and Marie-Louis Roy (who were in place before the meeting) and Yves Rougerie and Ghislain Morin. The experience and expertise of this team will contribute to Metanor in its continuing development.

Mr. Yves Rougerie, geologist, has over 25 years of experience in exploration and mining geology. Most of this experience was acquired in the Abitibi mining region, working for uranium, gold and base metals (Cu-Zn). He was involved in several junior mining companies. Since 2007, he is President and Chief Executive Officer of Abitex Resources inc. From 1998-2006, he was one of the founders and was a member of the Board of Directors for Scorpio Mining corporation. Mr. Ghislain Morin is responsible for the development of all the projects at Metanor and was a Director of the Company from 2003 to 2005. Mr. Morin was Chairman of the Board of Allican Resources Inc. from 1995 to 2004. Previously, in the 1990s, Mr. Morin participated in many feasibility studies with a view to commercialize mines, mining projects and mining product installation companies.

At this meeting, the shareholders voted for the nomination of Raymond Chabot Grant Thornton, as Auditors, for the financial year ended June 30, 2008. They also voted in favor of the adoption of the Shareholders Right Plan and the modification of the Stock Option Plan (increasing the number of reserved shares available in virtue of the Stock Options Plan from 3,450,000 to 6,000,000).

The Management of Metanor wishes to thank Mr. Yves Gagnon, for his implication in the Board of Directors, from 2003 to 2007. As Mr. Gagnon will continue to be involved with the Company, the Directors adopted a resolution allowing the prolongation of expiration date of the options of Mr. Gagnon until the arrival of the first of the two following dates: the initial expiration date of the options or May 27, 2010. The Directors had also approved that the 75,000 options granted in favour of Andre Tremblay last August 31, which were supposed to be vested at the rate of 25% each quarter become fully vested on November 27, 2007.

After the Annual Meeting, the Audit Committee was formed. This Committee will be composed of Raymond Couture, Chairman, Malcolm P. Duncan and Ronald Perry. The members of the executive committee are: Serge Roy, Chairman of the Board of Directors and CEO, Ronald Perry, Treasurer, Diane Bournival, Corporate Secretary. The Officers will be: Serge Roy, Chief Executive Officer (CEO), Ghislain Morin, President and Chief Operations Officer (COO), Claude Imbeault, Director General - Bachelor Mine, Robert Turgeon, Chief Financial Officer (CFO) and Andre Tremblay, Director of Exploration.

The activities of Metanor 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 view of their commercial exploitation.

61,978,974 outstanding shares

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