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Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

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Message: Metanor Discovers New Gold Structures on its Moroy Property

2016-09-06 10:52:00 AM ET (Marketwired)

VAL-D'OR, QUEBEC--(Marketwired - Sep 6, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide the results of its exploration drilling program recently completed on the Moroy property, located 1 km from the Bachelor mill.

The drilling program aimed to test: i) the lateral and vertical extensions of the «South zone», ii) the continuity of a second structure intersected at depth by the hole MO-16-181, and located approximately 100 meters to the south, and iii) the east contact of the O'Brien intrusive. This program allowed the discovery of a second structure, the continuity to the west of the «181 Structure or Extreme south» and, at least two corridors altered with gold mineralization, were intersected by the drilling program. The only drill hole, MO-16-211, targeting the East contact of the O'Brien intrusive intersected 3.55 g/t Au over 3.66 meters in the lateral extension of historical intersects. The diagram below shows the different structures in relation to the O'Brien intrusive. The 3D modeling aiming to confirm the shape of the different zones, to identify the structural controls and to locate the higher grade enrichment is underway.

The details of the intersections obtained from the drill holes completed in the past weeks are described in the table below:

Hole N° from (m) to (m) length (m)* grade Au (g/t) Zone
MO-16-142    183.49   184.31 0.82        2.54
MO-16-142    188.21   188.82 0.61        2.40           ?
MO-16-142    211.29   212.11 0.82        1.10           ?
MO-16-142    227.47   233.84 6.37        4.68           South
MO-16-157    388.86   390.11 1.25        0.99           Extreme South
MO-16-181    386.27   387.34 1.07        2.07           ?
MO-16-181    462.29   466.65 4.36        6.21           Extreme South
MO-16-181    497.89   498.87 0.98        3.58           New
MO-16-184    363.17   370.48 7.32        1.43           South?
MO-16-184    481.28   481.89 0.61        2.12           South?
MO-16-185    367.89   370.03 2.13        2.35           South?
MO-16-185    486.00   486.89 0.88        9.80           ?
MO-16-185    498.74   507.80 9.05        2.98           Extreme South
MO-16-186    414.44   416.81 2.38        1.13           ?
MO-16-186    434.89   436.78 1.89        6.57           Extreme South
MO-16-187    18.47    20.30  1.83        1.77           New
MO-16-187    63.79    65.93  2.13        1.68           New
MO-16-187    151.42   152.49 1.07        1.14           South
MO-16-188    16.43    17.22  0.79        6.92           New
MO-16-189    62.39    63.25  0.85        1.19           New
MO-16-189    74.89    79.55  4.66        0.67           New
MO-16-190    60.96    83.58  22.62       2.30           New
MO-16-191    140.21   147.22 7.01        1.13           South
MO-16-192    37.04    44.52  7.48        2.11           New
MO-16-192    123.46   124.80 1.34        1.70           South
MO-16-193    44.59    47.43  2.83        1.24           New
MO-16-193    75.01    75.71  0.70        2.64           South
MO-16-194    130.33   130.94 0.61        0.70           Displaced zone?
MO-16-195    189.89   190.80 0.91        1.47           Displaced zone?
MO-16-196    22.62    23.23  0.61        5.06           New
MO-16-196    31.70    32.61  0.91        8.41           New
MO-16-196    37.61    40.66  3.05        1.54           New
MO-16-196    64.37    67.03  2.65        1.51           South
MO-16-197    116.64   117.92 1.28        3.49           South?
MO-16-197    316.38   318.06 1.68        2.04           Extreme South
MO-16-198    141.24   142.86 1.62        3.20           South?
MO-16-198    211.44   216.87 5.43        1.34           Extreme South
MO-16-200    156.73   157.03 0.30        2.64           Extreme South?
MO-16-200    182.82   183.18 0.37        2.20           Extreme South
MO-16-201    174.65   174.96 0.30        2.00           Extreme South
MO-16-204    190.93   194.58 3.66        3.12           South?
MO-16-205    489.05   490.88 1.83        2.99           Extreme South
MO-16-208    225.55   226.98 1.43        2.03           Extreme South
MO-16-208    242.62   243.90 1.28        0.72           Extreme South
MO-16-211    35.05    36.27  1.22        1.33           O'Brien
MO-16-211    59.74    63.40  3.66        3.55           O'Brien
(*) Core length

Metanor estimates that the mineralized intercepts' true thicknesses reach 40 to 70% of the drill cores. A capping of 31 g/t was used or 1 Au ounce. The Company uses a rigorous, industry-standard, QA/QC program. The samples were assayed by fire-assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. 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 ALS-certified assay laboratory in Val-d'Or, Québec. Results of the spot checks were consistent with those reported.

Qualified Persons

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 and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. All statements in this discussion, other than those of historical fact, that address future exploration drilling, exploration activities and projected exploration, including costs and other estimates upon which such projections are based, and events or developments that the company expects, are considered forward-looking statements. Although the Company believes the expectations expressed in these 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 forward-looking statements.

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

A map is available at the following address: http://media3.marketwire.com/docs/Metanor%20-%20Map.pdf

436,138,249 outstanding shares

Metanor Resources Inc. Ronald Perry Vice-president 514-262-8286 [email protected] www.metanor.ca

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