Update: Refurbishing of the Bachelor Lake Gold Mill

VAL-D'OR, QU�BEC, MARCH 14, 2007 - 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 Minist�re 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 Qu�bec 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.

M�tanor 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 S�guin 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, please contact:

Serge Roy, President and Chief Executive Officer 
Metanor Resources Inc. 
Tel.: 819 825-8678 or 819 856-8435 
 
2872, chemin Sullivan, suite 2,  
Val-d'Or (Qu�bec) J0Y 2N0 
Tel.: 819 825-8678 Fax: 819 825-8224 
info@metanor.ca    www.metanor.ca

Renmark Financial Communications Inc.
Jason Roy : jroy@renmarkfinancial.com
Danielle Velez : dvelez@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com