Metalore Resources Limited - "Bucking the trend"

    TORONTO, Feb. 12 /CNW/ - Metalore Resources advises that Forward
Contracts, previously negotiated as much as one year ago, have enabled the
Company to achieve record third quarter net profits of 17 cents per share and
cash flows of 50 cents per share from Revenues of $665,916, compared to 8
cents and 23 cents respectively from $425,063 during the corresponding period
last year. Management expects similar production revenues will be sustained
throughout the fourth quarter; however, we anticipate subsequent declines in
the price of Natural Gas and related profitability early in the upcoming
fiscal year due to declining global economic conditions.

For further information:

For further information: Full details of the Financials and MD&A may be
viewed on the SEDAR website after February 14/09 and hard copies are available
on request from Metalore by phone, (519) 428-2464, or by mail at RR No.1,
Vittoria, Ontario, Canada, N0E 1W0

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