Over 25,000 oz Gold Poured To Date and Intersecting New Zones - Metanor Poised for Significant Upside Revaluation

New York, NY (PRWEB) September 8, 2009 -- Precious Metals Review of Metanor Resources Inc. (TSX-V: MTO) (US Listing: MEAOF.PK) (Frankfurt: M3R) provides insight into the opportunity afforded investors as it executes upon its gold production business model which includes accessing high grade underground ore and substantial resource expansion.

The full Precious Metals Review / Valuation Analysis Commentary with chart may be seen at http://preciousmetalsreview.com/PMRmtoSep09.pdf online.

Excerpts: "Highlights and preconditions identified on page one of the recent Northern Securities Analyst report that place a valuation for Metanor Resources Inc. in excess of $1 per share are all being satisfied and surpassed. Fundamentally Metanor Resources Inc. appears exceptionally undervalued and the stock of MTO.V is poised for significant upside revaluation as the Company executes on its plan to build ounces in the ground at multiple locations near their mill and is on target to go underground at Bachelor Lake by July 2010 - positioning MTO.V as a very profitable gold producer at 1200TPD production with high grade ore.

Metanor Resources Inc. is pouring gold at its 100% owned 1,200 (upgradeable capacity) TPD mill in mining friendly Quebec. Production in 2010 should conservatively come in a 50k+oz and move to generating ~70K ounces/yr when Bachelor Lake underground comes online by mid 2010. Ore extract is currently coming from their 100% open pit operation on their Barry gold deposit (located approximately 65 km southeast of the mill). MTO.V has had very good intercepts of late at the Barry deposit (See Sept. 3, 2009 release 'Metanor Drills 7.71 g/t Au Over 7.75 m: Barry Pit Expands, Still Open at Depth'), these results affirm the long term viability of the deposit -- a NI 43-101 resource estimate has been commissioned for Barry and is expected to be released by Q4 2009. Metanor's Nelligan property is also the subject of recent drilling efforts and offers large near term new discovery potential."

Valuation Analysis/Commentary: The current market cap of MTO.V is less than ~35% the replacement value (~CDN$140M) of their infrastructure alone, ignoring the 1M+ oz gold resource, with ever expanding & further significant exploration potential, with substantial revenue projections. A recent Northern Securities analyst report (copy of analyst report here) places a near term share price target on Metanor of CDN$1.00. MTO.V has ~1,000,000 oz of Gold (NI-43-101 measured and indicated) available from their three properties. The ongoing exploration drill program at their ever expanding Barry deposit is just one of many venues to expand the resource base and is exceeding expectations. Their forward projected EPS will likely be very significant as a debt free unhedged gold producer and the current market cap relative to expected revenues is disproportionate; with less than 106M shares outstanding and trading under CDN$0.60/share, the market cap of MTO.V relative to its resource base/production expansion plans and future revenues make MTO.V among one of the most attractive vehicles for gold investors.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

Precious Metals Review
Greg Thompson
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