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Metanor Announces Start of Surface Drill Campaign Targeting Moroy's New Anomalies

Metanor Resources Inc. ("Metanor", or "the Company") is pleased to announce the start of the surface drill campaign targeting the Moroy's new anomalies.

This new mineralized zone is located 1 km south-east of the Bachelor Mine. The drill campaign was interrupted in December 2015 to allow for the building of ice bridges which are now completed. The first drill holes are targeting the geophysical conductors (anomalies) located just below the mineralized zones discovered on surface. A second drill is expected to be added in March of this year to accelerate the campaign. The ongoing drilling campaign is expected to cover some 60,000 meters on the Moroy property.

Metanor will be attending the Prospectors and Developers Conference (PDAC) in Toronto from March 6, 2016, to March 9, 2016 to showcase the new discovery at Moroy. Metanor welcomes visitors to come meet management at booth No. 2931.

Qualified Person

Pascal Hamelin, P. Eng., Vice-president of Operations, is the Qualified Person under NI 43-101, responsible for reviewing and approving the technical information contained in this news release.

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