M�tanor Re-Evaluates the Barry Gold Deposit

VAL-D'OR, QU�BEC, May 8th, 2007 - Mr. Serge Roy, President and CEO of M�tanor Resources Inc. "M�tanor" (TSX-V: MTO) is pleased to announce the re-evaluation of the Barry Gold Deposit in which M�tanor acquired a 100% interest from Murgor Resources Inc. last December.

The Gold Resources for the Barry deposit were re-evaluated by Syst�mes G�ostat International Inc. in compliance with NI 43-101 and are now estimated at 52,300 oz Au of Indicated Resources (385,000 t at 4.23 g/t Au) and 126,600 oz Au of Inferred Resources (966,000 t at 4.07 g/t Au) in zones 43,  45 and the southwest extension of the main zone (April 30, 2007).  This resource re-evaluation is incorporating all recent drill results performed by Murgor (summer 2006) extending the mineralized zones almost 300 meters in a southwesterly direction. This resource re-evaluation was performed with a 2 g/t Au Cut-off and using the inverse di stance method. A major portion of the resources are at, or near surface and are considered open-pitable, thereby reducing operating costs significantly. Past metallurgical tests completed at the University of Nova Scotia have indicated recoveries of 94%. A study also confirmed the non-acid generating nature of the host and mineralized rock at Barry (Bodycote Material Testing).

The Barry gold deposit is located in the Urban-Barry greenstone belt approximately 65 km southeast of the Bachelor Lake mine.  Numerous forestry roads link Barry to the Bachelor mine, facilitating ore transport.  Cashflows generated by the mining of the Barry deposit will facilitate the completion of the planned underground development and exploration program on the Bachelor property at the same time.

This stage is part of M�tanor's strategic plan to become a profitable gold producing company in 2007.  The Bachelor property contains measured and indicated resources of 841,591 t at 7.79 g/t Au (or 210,857 ounces gold) and inferred resources of 426,148 t at 6.52 g/t Au (or 89,366 ounces gold).  In addition to these resources, the Hewfran west zone was evaluated by Aur Resources Inc., its previous owner, and contained historical resources of 408 150 t grading 5,83 g/t Au (a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon).  This zone forms the western extension of the Bachelor gold deposit's mineralized zones and it will be reached through the extension of the 8th level over a hundred meters to the west of Bachelor. Moreover, a 500 tpd gold mill valued at 27.8 M $ is present on the property.

M�tanor will continue to follow its aggressive development st rategy by acquiring projects with resources of similar potential to the Barry gold deposit in order to feed the Bachelor mill. A compilation of public information shows that 8.9 Mt of resources grading 5.3 g/t Au (1.5 M oz Au) are reported within a 100 km radius of the Bachelor mill, without taking into account Bachelor property's resources and potential.  This mill is the only gold treatment facility in this area.

All the information mentioned in this document was prepared under the supervision of Yves Gagnon, P. Geo. of M�tanor Resources Inc and Qualified Person under National Instrument 43-101.

M�tanor is actually rehabilitating the Bachelor Gold mill progressing ahead of the planned schedule and below budget.

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

For further information please contact:
Serge Roy
President and CEO
Tel: 819 825-8678 
 
2872, Sullivan road, suite 2 
Val-d'Or (Quebec) J0Y 2N0 
Tel.: (819) 825-8678 Fax: (819) 825-8224 
info@metanor.ca    www.metanor.ca

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