Update: Refurbishing of the Bachelor Lake Gold Mill

    VAL-D'OR, QC, March 14 /CNW Telbec/ - Mr. Serge Roy, President and Chief
Executive Officer of Metanor Resources Inc. "Metanor" (TSX-V: MTO) is pleased
to announce that the work to restore surface facilities at the Bachelor mine
is making steady progress.
    Repairs to the external infrastructure of the gold processing facility,
including the siding and insulation, have now been completed and contracts to
refurbish the inner components of the mill will be awarded shortly. The
construction of buildings to be used for administrative purposes is also
almost finished.
    The former owner has been asked to retrocede the existing and still valid
certificate of authorization for operating the Bachelor mine. Work has also
been undertaken to ensure that the settling pond complies with the
requirements of the Ministère de l'Environnement. A contract was awarded to
Golder, which is currently conducting geotechnical drilling to characterize
the material of the tailings impoundment and to define the work necessary to
rehabilitate it and to ensure it complies with environmental standards.
    Meanwhile, Metanor is preparing to put the Barry gold deposit into
production as an open-pit mine. Operating the open pit requires a certificate
of authorization under section 22 of the Environmental Quality Act, and
GENIVAR Limited Partnership has been mandated to prepare a document that meets
the requirements of various Québec Government departments.
    The work carried out to date is on schedule; a bulk sample from Barry
could be processed at the Bachelor mill during summer 2007.
    Métanor will continue its aggressive development strategy by increasing
its portfolio of projects that have resources with potential comparable to the
Barry gold deposit for supplying the Bachelor mill.
    On March 1, 2007, Mr. Richard Séguin resigned as director and member of
the Board of Directors of Metanor Resources Inc.; the Company would like to
thank him for his contribution during his term. He was replaced by Mr. Ronald
Perry, who has an Administration degree from Concordia University and has been
working as a financial consultant for various private and public companies
since 2000.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Serge Roy, President and Chief Executive
Officer, Metanor Resources Inc., (819) 825-8678, (819) 856-8435, Fax: (819)
825-8224, info@metanor.ca, www.metanor.ca; Renmark Financial Communications
Inc., Jason Roy: jroy@renmarkfinancial.com; Danielle Velez:
dvelez@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,

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