Metanor Produces 25.1 % More Gold Ounces Than Expected From Its Bulk Sample

VAL-D'OR, QUEBEC, CANADA--(Marketwire - July 12, 2012) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to issue a summary of the results of its 5,000 tonnes bulk sample from its Bachelor project which was performed in the months of May and June 2012.

The company processed 5,429 metric tonnes of ore from an underground bulk sampling at its Bachelor project. The ore was extracted from lateral developments made in the "Main" and "B" veins on level 13. Each development round was sampled individually daily and follow-up was carried out by the Geology Department. The results of the bulk sample were compared with the corresponding excavation resources model (polygon model based on the data used in the resource estimate; InnovExplo, December 2005).The bulk sample confirmed the resource estimation model developed by Metanor for the two excavated veins (the Main and B veins). In fact, the sampling results indicate 14.1% more gold content than was predicted by the block model of the resource for these two veins in the excavated areas.