Metanor Resources Inc. - Purchase warrants exercised



    VAL-D'OR, QC, April 3 /CNW Telbec/ - Metanor Resources Inc. (TSX-V: MTO)
"Metanor" announces the following purchase warrants have been exercised:

    
    -------------------------------------------------------------------------
    Number of                       Exercise        Amount      Balance -
    warrants        Expiry Date       price        received   warrants still
    exercised                           $              $       exercisable
    -------------------------------------------------------------------------
    5,785,800       31-03-2007         0.85       4,917,930              0
    -------------------------------------------------------------------------
      283,000    29-06 & 18-07-2007    0.85         240,550        744,000
    -------------------------------------------------------------------------
      400,000        22-08-200         0.85         340,000        266,667
    -------------------------------------------------------------------------
            0       07-09-2007         0.90               0        395,000
    -------------------------------------------------------------------------
      123,000       09-11-2008         0.55          67,650      1,941,540

       25,000    15-11 & 19-12-2008    0.55          13,750      2,271,016

            0       27-12-2008         0.55               0        510,000
    -------------------------------------------------------------------------
                              BROKER PURCHASE WARRANTS

    -------------------------------------------------------------------------
      100,000       19-07-2007         0.60          60,000              0
    -------------------------------------------------------------------------
                            TOTAL OF PURCHASE WARRANTS
    -------------------------------------------------------------------------
    6,716,800                                     5,639,880      6,128,223
    -------------------------------------------------------------------------

    So, as on March 31, 2007, a total of 6,716,800 purchase warrants has been
exercised, allowing Metanor to raise the amount of $ 5,639,880.
    The complete refurbishing work to restore surface facilities and mill of
the Bachelor Mine are underway. The management anticipates the completion of
said work for the end of the Summer 2007. Also, Metanor is currently
proceeding with permitting applications. As defined in the Companie's
development strategy and inside its vision, Metanor wants to reach the level
of profitable gold producer during the next year.

         TSX Venture Exchange does not accept any responsibility for
             the adequacy or the accuracy of the press release.
    




For further information:

For further information: please contact: Metanor: Serge Roy, President
and CEO, (819) 825-8678, Cell. : (819) 856-8435; Renmark Financial
Communications Inc.: Jason Roy : jroy@renmarkfinancial.com; Danielle Velez :
dvelez@renmarkfinancial.com; (514) 939-3989, Fax : (514) 939-3717,
www.renmarkfinancial.com

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METANOR RESOURCES INC.

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