Metanor acquires more properties and Renegotiates NSR royalties



    60,220,524 shares

    VAL-D'OR, QC, Sept. 6 /CNW Telbec/ - 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:

    RE

SOURCE CATEGORY TONNAGE GRADE (g/t) CONTAINED GOLD ------------------------------------------------------------------------- Indicated Resource 385,000 mt 4.23 g/t Au 52,300 oz. Inferred Resource 966,000 mt 4.07 g/t Au 126,600 oz. ------------------------------------------------------------------------- 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. Mr. André Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release. TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.

For further information:

For further information: Serge Roy, President and CEO, (819) 825-8678;
Renmark Financial Communications Inc.: Jason Roy, jroy@renmarkfinancial.com;
Jen Power, jpower@renmarkfinancial.com; (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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METANOR RESOURCES INC.

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