Site Visit to Metanor's New Gold Mill With Metanor Now Pouring a New Bar of Gold Every Week and Growing

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Metanor Resources Inc. (TSX-V: MTO) is a new, debt free, unhedged, gold producer in mining friendly Quebec and the subject of Dr. Nystrom's site visit report. Bulk sampling is wrapping up and Metanor will turn to commercial production by Fall 2008 at MTO.v's 1,200TPD (upgradeable capacity) Bachelor Lake Gold Mill. The current market cap of MTO.V is less than half the replacement value (~CDN$140M) of their infrastructure alone, ignoring the ~1M oz gold resource, significant exploration potential and substantial revenue projections.

Precious Metals Review of Metanor Resources Inc. (TSX-V: MTO) provides insight into the opportunity afforded investors as Metanor wraps up bulk sampling and turns to commercial gold production at MTO.v's 1,200TPD (upgradeable capacity) Bachelor Lake Gold Mill. This exciting production/exploration venture is the subject of a recently published article of a site visit to Metanor's operation by Dr. Scott Nystrom of the Gold Stock Strategist. Precious Metals Review has published a synopsis of the article and provides full text of the aforementioned subject article.

The full Site Visit Review / Valuation Synopsis with chart and photos may be seen at http://MarketEquitiesResearch.com/DrNystromMTO2008.pdf.

Gold production at Metanor in 2008 should conservatively come in at 25K - 35K oz and ramp up from there to 65k oz in 2009. Ore extract is coming from their 100% open pit operation on their Barry gold deposit (located approximately 100 km southeast of the mill).

The current market cap of MTO.V is less than half the replacement value (~CDN$140M) of their infrastructure alone, ignoring the ~1M oz gold resource, significant exploration potential and substantial revenue projections.

Jay Taylor, mining expert, has made MTO.V one of his top picks in 2008 saying, "This is a story of production, exploration, and building ounces".

The mill is configured to produce dore bars of gold, with a small component of silver. MTO.V has ~1,000,000 oz of Gold (NI-43-101 measured and indicated) available from their three properties and the ongoing exploration drill program at their ever expanding Barry deposit is just one of many venues to expand the resource base that is exceeding expectations (new drill results expected soon). 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 approximately 74M shares outstanding and currently trading under CDN$1/share, the present valuation of MTO.V provides exceptional opportunity for investors. Over 50% of Metanor's outstanding shares are held by institutional interests, amongst them Dynamic Mutual Funds (managed by Goodman & Co.).

Excerpt from Dr. Nystrom's Synopsis of Management: "The Metanor management team is very passionate, resourceful, and talented at what they do. Most importantly, they are able to attract top mine managers, geologists, miners, prospectors, and ore millers. They also have the latest technology at the Bachelor Lake mill and that helps to reduce the number of hires and labor costs.

Metanor Resources employs about 60 people at both the Bachelor Lake mill and Barry pit. Metanor management is focusing development on the Barry pit to maintain production and cash flow--very important in the current junior gold miner markets.

The development of the Bachelor Lake mine, Nelligan property, and other mines will proceed over the next few years as the Barry pit provides cash flow for their development.

In this tough financial environment, my sense is that only producers will survive the current liquidity crisis. Money is tight and the failure rate of junior gold miners is high. Metanor is better positioned than almost all emerging junior gold producers based on their past record of success, debt free by December of this year, minimal risk of future shareholder dilution, and steady managed growth strategy..."

The full Site Visit Review / Valuation Synopsis with chart and photos may be seen at http://MarketEquitiesResearch.com/DrNystromMTO2008.pdf.

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 URLs.

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ALFRED SEUNG
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