U.S. Markets closed

Metanor Resources Inc.: New Gold Zone at Bachelor/Hewfran Grab Samples 14.8 g/t

VAL-D'OR, QUEBEC--(Marketwire - Nov. 2, 2010) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO - News) and its exploration team are pleased to announce the discovery of a new potential gold zone (Zone 3) commencing at surface situated 2.0 km west from the Bachelor Lake Mill and the grab samples greater than 10 g/t were found only 2 to 10m from the road leading to the mill. This new mineralized zone is composed of quartz veins in an East-West orientated shear zone. The best results obtained were as follows:

Sample # 867355: 11.05 g/t Au
Sample # 867356: 11.03 g/t Au
Sample # 867359: 14.80 g/t Au

This discovery was made using technology developed by Diagnos Inc. (TSX-V: ADK - News), who was mandated to conduct exploration on their identified targets using their proprietary CARDS system. Further exploration work is expected to follow the extension of this structure.Analyses were performed by fire assay at the Bachelor Mine laboratory with eventual verification of some samples at the ALS Assay Laboratory in Val-d'Or, Quebec.Mr. Andre Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.Shares issued: 143,730,739The TSX Venture Exchange neither their regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this release.