Barry United

In re-reading the Sept.6, 2007 news release, I see that MTO already has 100% control of the whole Barry United property, subject to a 1% NSR royalty to Murgor and Freewest. Here is the newsrelease;

September 6th, 2007 - Val-d'or, Quebec, Canada: Metanor Resources Inc. (MTO: TSX-V) is pleased to announce that, subject to regulatory approval, it has signed an agreement with Murgor Resources Inc. (MUG: TSX-V) to buy 7% of its NSR royalty on the Barry Gold Deposit. Metanor will also acquire the remaining interest of Murgor in 8 additional claims of the Barry I property. Further, Metanor also acquire 100% interest in the Barry United property, held jointly by Murgor and Freewest Resources Canada Inc. (FWR: TSX-V). Metanor has an option to acquire 70% interest in the Nelligan Property. The properties included in the transaction are all located in north-western Quebec.

The terms of the agreement are as follows:

• Metanor will pay $906,250 cash to Murgor on signing of the agreement.
• On signing of the agreement Metanor will also issue 1,126,375 shares of Metanor to Murgor, based on a price of $0.80 per share for a total value of $901,100.
• Metanor will pay $200,000 cash to Murgor upon production of its first ounce of gold from the Barry deposit as an advance on Murgor's remaining 1% NSR royalty on the deposit.
• Upon production Metanor will pay a royalty to Murgor equal to 1% of the proceeds from the sale of gold.
• Advances on royalties will be reimbursed to Metanor upon 50% of Murgor's first profits upon production.
• Murgor and Freewest will each retain a 0.5% NSR royalty on the Barry United Property.
• The Barry property is subject to a 2% NSR payable to the Societe de Development de la Baie James (SDBJ).

The Barry property is located in the Urban-Barry belt, approximately 65 kilometres south-east of the Bachelor Lake Mine where Metanor is presently working to rehabilitate the surface installations, including the Mill and the tailings. The Barry I Property consists of 14 claims covering 224 hectares from which only six claims were included in the December 12, 2006 agreement with Murgor. The Barry I property is further surrounded by the Barry United Property comprising 192 mining claims covering an area of 3,052 hectares.

The Gold Resources for the Barry deposit were re-evaluated by Systèmes Géostat International Inc. in compliance with NI 43-101 and are now estimated with a 2 g/t Au Cut-off at:

This new resource evaluation is incorporating all recent drill results performed by Murgor (summer 2006) and is extending the mineralized zones almost 300 meters in a southwesterly direction (Press release of may 8, 2007). Resources of the Barry Gold Deposit were significantly boosted after this re-evaluation where Indicated Resources rose nearly 50 % as compared to the 35,500 oz Au previously and Inferred Resources rose nearly 90 % as compared to the 67,600 oz Au previously. In addition, an extensive stripping program is underway that should contribute to extend mineralized zones and increase these resources.

The Nelligan property consists of 58 claims totaling approximately 2895 ha located immediately to the west of Bachelor property. During a prospecting and mapping program carried out by Murgor in 2006, assay values of 582 g/t Au over 0.53 m and 3.15 g/t Au over 3.0m were obtained from channel sampling of a sheared and mineralized horizon similar to the Vein A at the Bachelor Mine. To exercice its option, Metanor will incur aggregate exploration expenditures in the amount of $450,000 over three years on the Nelligan Property.The property is subject to a 2% NSR Royalty from a previous agreement.