Nelligan

Metanor holds an option enabling it to acquire an interest of 70% in this property, which includes 58 claims, covering an approximate surface of 2,881 hectares, located immediately at the west of the Bachelor property. During an exploration campaign completed by Murgor Resources in 2006, intersections of 582 g/t Au on 0.53m and 3.15 g/t Au over 3.0m were obtained by sampling of a horizon sheared and mineralized similar to the Vein "A" of the Bachelor property. An intensive stripping campaign was carried out during the summer and part of the autumn of 2008 that allowed the Company to extend the gold bearing structures discovered by Murgor Resources. The Company is expected to initiate a drilling program to test potential targets once the compilation of the results is complete.