Metanor Resources : INTERCEPTS 14.3G/T AU OVER 4.6 METRE AT BARRY AND MOVES TOWARD UNDERGROUND BULK SAMPLE

January 19^th, 2018 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ('Metanor') (TSX - V: MTO) is pleased to announce new high-grade intercepts of 14.3g/t Au over 4.6 metres and 10.4 g/t Au over 4.5 metres at the Barry project located in the Urban township, 110 km south of the Bachelor mill. These new exploration drill results continue to expand the size and further confirm the continuity of these structures. The shear zones have now been extended in excess of 1,500 m on strike, to a depth exceeding 440 m remaining open in all directions.

From recent drilling, Metanor has identified multiple tensional veins within the existing shear hosted system. Throughout 2017, the company has drilled 49,000 metres into these shear structures. The drill results have demonstrated multiple zones and from this drill campaign, the company is now prepared to initiate an underground bulk sample program in early March to verify the continuity and grade distribution of the multiple shear zones. The bulk sample program will consist of developing a decline from the face of the Main pit wall down to 100 metres below surface. At this elevation, the company will drive drifts into the gold bearing shears zones. The plan is to send 10,000 tonnes of ore to the Bachelor mill later in the year to reconcile mill head grade with the mining grade in a defined sector.

Metanor is also increasing the size of the Barry camp to better accommodate a larger exploration program. The work began in November 2017 and is expected to be completed mid Q1 2018. This will give the Barry project the ability to begin the bulk sample program as scheduled on March 1^st 2018.

Highlights of drill intercepts in the quartz-pyrite veins associated with the shear zones include: