Metanor Redeems Convertible Debenture

Metanor Resources Inc.

VAL-D'OR, QUÉBEC--(Marketwired - May 12, 2017) - Metanor Resources Inc. (the "Corporation") (TSX VENTURE:MTO) is pleased to announce that it has elected to fully redeem and purchase the 10% subordinated secured convertible debentures, series 1 (the "Debentures") issued August 22, 2012, in the outstanding principal amount of $9,000,000, as of this day (the "Redemption date"). The Debentures having a maturity date of August 17, 2017, were fully redeemable at the option of the Corporation.