METANOR RESOURCES INC.
TSX VENTURE : MTO

METANOR RESOURCES INC.

March 03, 2008 10:00 ET

Metanor Resources Inc.: Potential Extensions of Barry Mineralized Zones Up to 4km

Diagnos Study indicates new Copper and Gold targets

VAL-D'OR, QUEBEC, CANADA--(Marketwire - March 3, 2008) - Metanor Resources Inc. (TSX VENTURE:MTO) reveals the results of a regional compilation by computer modeling carried out by Diagnos Inc which made it possible to locate new targets for gold on the Barry and Bachelor properties. The results of this study are available on the SEDAR website (www.sedar.com).

A study was carried out by Diagnos Inc in order to process, with the assistance of the computer program CARDS (Computer Aided Resource Detection Software) all existing data on the Barry and Bachelor projects in order to identify zones with high probability in zinc, copper and gold content.

On the Barry property, CARDS revealed several sectors of interest for gold generally located along a magnetic axis oriented SW-NE crossing the majority of the property and also associated with EM INPUT anomalies. A zone of prediction for gold coincides with the current main mineralized zone (stripping zone where the Bulk Sampling is in progress) and the prediction map indicates the continuity of the mineralized zones towards south-west and the north-east over a total extent of more than 4KM. In the northern sector of the property approximately 7km to the north-east of the stripped area, the prediction map also indicates the presence of a favorable context for gold and copper. A prediction zone favorable for copper was also located in contact with basalt and tonalite approximately 1.5km to the west of the stripped area.

On the Bachelor claims, a zone with a strong probability for gold is associated with the main deposit and a new zone with a good favorability for gold was located in the south of the property close to the diabase dyke. Approximately 1km north of the deposit, a zone with high probability for copper extends along the contact of a gabbro sill.

All the new targets identified with this study made by DIAGNOS will be carefully verified and investigated during the next exploration campaign which should allow Metanor to locate the extensions of the main mineralized zones and to significantly increase the actual resources of the Barry deposit.

This tool for processing data and used by Diagnos has already proved useful in exploration. In 2005, Diagnos as mandated by Resources KWG Inc., carried out an analysis using the system CARDS of all the data covering the lake McFauld area in Ontario. This analysis made it possible to locate a priority target for base metal concentration located outside the KWG property but which exactly coincided with the new discovery that Noront was announcing in September 2005 (Press release of Diagnos, October 18, 2007).

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

71 781 443 shares

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

Contact Information