2. Statements The information in this presentation is provided
without charge and must be used solely for information purposes.
The contents of this presentation cannot be used without the
express authorization of Metanor Resources Inc. Any use, copy,
transmission or retransmission by a person who is not the intended
recipient of this presentation may constitute a violation of the
law and is strictly forbidden. Some of the statements made in this
presentation may be considered forward-looking. Forward-looking
statements are associated with known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to differ materially
from any future results, performance or achievements expressed or
implied by those projected in the forward-looking statements. The
reader is warned against the risk of attributing excessive
credibility to these forward-looking statements.
3. The Company Metanor is a Canadian based advanced stage
exploration company Metanor is also a NEAR TERM GOLD PRODUCER in
Mining Friendly Quebec (LOW GEOPOLITICAL RISK) PERMITTED >$150M
infrastructure (1,200tpd Capacity) which has proven production
capabilities (over 40,000 oz poured) Total Gold Resource of OVER
1.6 MILLION OZ (all categories) 3 rd Party Validations by
SANDSTORM, STANTEC and SGS GEOSTAT With recent financings totaling
$35M, Metanor is FULLY FUNDED to bring Bachelor Lake into
production Beginning in 2012, the Bachelor Lake Mine and Mill will
ramp up to 60,000 oz annual production
4. Corporate Structure Stock symbol MTO (TSX-V) Shares
outstanding 201.7 M Fully diluted 264.6M Insider ownership ~ 5 %
Institutional ownership ~ 45 % Market capitalization ~ $ 60 M
Shareholders Equity(Book Value) 1 $ 56.4 M 1 As of December 31,
2010, Unaudited Replacement value of assets $ 150 200 M
5. Recent 3rd Party Validations-Bachelor BACHELOR LAKE PROJECT
VALIDATION $20M US Financing via Gold Stream Sale to SANDSTORM
Sandstorm effectively pays $1,037US/oz for 20% of the initial mine
life production of 186,122 oz then $500 US/oz for their 20% of Life
of Mine (LOM) production STANTEC STATES BACHELOR LAKE HAS ROBUST
IRR 85% Prefeasibility Study shows Average LOM Cash Costs $464/oz
Initial 3 yr mine life has expectation for increase due to
prospectivity at depth and along strike Inferred resource of close
to 100,000 oz not included in mine life
6. Recent 3rd Party Validations-Barry BARRY OPEN PIT -NI43-101
shows 781,450 oz resource all categories-avg 1.3g/t SGS GEOSTAT
states As a larger tonnage with lower grade with an onsite mill,
Barry has the potential to become a significant low grade high
tonnage deposit similar to the Osisko (Malartic) and Detour Gold
(Detour) The gold is in the system, the mineralized fluids have
circulated in the major shear.
7. Company Highlights FOCUS ON GOLD OPERATIONS IN QUEBEC
>$150M permitted infrastructure in place Functional 1,200 tpd
capacity mill (proven production capabilities) Presently sinking
shaft to access high grade ore at Bachelor 5,000t bulk sample Q-4
2011, Production ramp up Q-1 & Q-2 2012 Q-3 2012 60,000 oz
annual production EXPERIENCED MANAGEMENT TEAM EXPANDING GOLD
RESOURCES Developing a high tonnage low grade open pit at Barry
Extensive drill campaign at Barry to significantly increase
resource Investigate large IP anomalies at Barry Begin an
exploration campaign at Bachelor Lake
8. Management Team Serge Roy Chairman & CEO
Over 20 years experience in negotiating and operating
projects
Previously with Construction G.P.M., Stabell Resources Inc. and
Ovaltex Consultant inc. (mining services company) and Pyrinor
Resources Inc.
Ghislain Morin President & COO
Over 35 years experience in mine operations
Lead manager in charge of building the BHP Billiton Mill at
Selbaie mine and subsequently expanding it from 1,500 to 8,500
TPD
Founder and key executive of quipement Minier GRM, a mining
services company
Andr Tremblay, P. Eng. Vice President Exploration
Over 35 years experience in mining and exploration
Held senior roles at several mining companies (Ressources
minieres Coleraine, GeoNova Explorations, Gestion S.R.C., Groupe
Minier O, Mines Camchib, Campbell Resources)
Pascal Hamelin Director-Operations
Over 20 years experience in mine operations
Held senior roles at several mining companies (Alexis Minerals,
Century mining corp., Inco mine)
Ronald Perry Vice President & Treasurer
Over 30 years experience in accounting and finance
Founder of Briolijor Corporation, a financial consulting
company
9. Board of Directors Robert C. Bryce 50 years of mine
construction and operations, member of Quebec Order of Engineers
and of the Institute of Mining and Metallurgy, held senior
positions in well known mining companies including Falconbridge,
Aur Resources and Selbaie Mines and has served on the boards of
several public mining companies Tristram Robert (Tris) Coffin Over
40 years experience in the optical industry, Owner of Tris Coffin,
Meunier Rosenthal Asselin Optometrists/Opticians, one of Canadas
most prestigious optical operations early in his career, he worked
in the brokerage business and helped bring companies public Raymond
Couture Holds a Masters Degree in Public Administration and a
Bachelor of Arts Degree from ENAP and Laval University
respectively, was General Manager Of College Saint Charles-Garnier
(1992-95) and of various school boards(1974-95). He has served on
the boards of several public companies Serge Roy Chairman and CEO
See page 6 Ghislain Morin President and COO See page 6 Ronald Perry
Vice President and Treasurer See page 6
10. Gold Operations in Quebec
Excellent infrastructure
Generous subsidies from the Quebec government (up to $0.47 /
$1.00)
Qualified staff available (workers, geologists, engineers)
Bachelor Lake/Hewfran 4 837.56 ha. Barry 7 335.00 ha. Nelligan 2
881.00 ha. Dubuisson 432.11 ha. Wahnapitei 130.00 ha.
11. Increasing Shareholder Value
Accessing the high grade Bachelor Lake and Hewfran ore (7.38
g/t fully diluted) presently implementing the final phase-
sink shaft a further 536ft.(60% complete )
level 13 & 14 development already in progress
then commence a 15,000m drill campaign from level 15
Consolidating/expanding gold resources in and around the
Bachelor Lake Mill:
Portfolio of properties: 1,601,374 oz of resources (NI
43-101)
Potential of a further 1.5M oz in a radius of 100 km of the
mill (historical resources not compliant with NI 43-101)
Commence next phase 2011 Barry drilling campaign to target
anomalies (some larger than the existing pit 18Mt - 781,450 oz) and
the extensions to substantially increase the existing
resources
12. Summary of Resources Historical resources (not compliant
with NI 43-101) Property Resource Category Tonnes Grade (g/t)
Contained Gold (oz) Bachelor Lake 43-101 Measured & Indicated
Inferred 841,591 426,148 7.79 6.52 210,857 89,366 Hewfran Indicated
Inferred 110,100 206,900 6.47 5.66 22,900 37,656 Barry 43-101
Indicated Inferred 7,701,000 10,411,000 1.25 1.41 309,500 471,950
Dubuisson 43-101 Indicated Inferred 166,076 3,245,222 4.82 4.15
26,150 432,995 Total Measured & Indicated Total Inferred
569,407 1,031,967 Total Targeted Area Surrounding Bachelor Lake
Mine 8,900,000 5.3 1,500,000
13. Bachelor Lake Property STANTEC STATES BACHELOR LAKE HAS
ROBUST IRR 85% Average LOM Cash Costs $464/oz (fully diluted)
Initial 3 yr mine life has expectation to MORE THAN DOUBLE due to
prospectivity-OPEN IN ALL DIRECTIONS AND AT DEPTH Also Zones A
& C only scratched the surface Inferred resource of close to
100,000 oz not included in mine life 10 MONTH PAYBACK ON INVESTMENT
Begin 15,000m drill campaign from last level BACHELOR LAKE PROJECT
VALIDATION $20M US Gold Stream Sale to SANDSTORM
14. Bachelor Lake Exploration Potential at Depth
15. Bachelor Lake Property Exploration Potential at Depth
16. Bachelor Lake Property Resource Status Note : The above
blue zones ARE NOT included in the 43-101 Resources
Calculation.
17. Barry Open Pit-Highlights
From 2007 to 2010, with only 20,000m of drilling, resource
tonnage increased by 1,240% and contained ounces rose by 336%
Mining and exploration at the pit has led to very good
understanding of the structure
Present resources: 18M tonnes - 781,450 oz with only 50,000m of
diamond drilling
In perspective, Osisko has conducted an enormous drill campaign
of approximately $80M and over 800,000m of diamond drilling to
arrive at their resource
Barry requires an extensive(1 st phase) drill program over
75,000m to target similar anomalies and extensions to extend the
strike length to significantly increase resources . As a result of
recent internal discussions, management has decided to investigate
the possibility of strategic partners for Barry
Increased exploration activity all around the Barry property by
Bonterra Resources, Eagle Hill Exploration and Amseco
Exploration
18. Barry Open Pit Presently 1 KM Strike
19. Longitudinal Barry Deposit
20. Main Zone 43 Zone -100m -300m -400m East Pit Sector Central
Zone -200m Barry Gold Deposit Exploration Potential at Depth
21. Investment Overview
BACHELOR LAKE/HEWFRAN PROPERTY
Develop the higher grade Bachelor underground(sink shaft 536ft-
60% complete)
Continue identifying and upgrading the potential gold resources
at depth commence 15,000m drill campaign to extend mine life to 7-9
years.
Commence production (2012) from Bachelor underground 60,000 oz
annual
BARRY PROPERTY
Expand & Upgrade current gold resources (781,450 oz. at
avg.1.3 g/t)
Complete IP coverage and continue an extensive drill
program
Target the large IP anomalies and extensions
STRATEGIC ACQUISITION
Investigate a potential acquisition of an advanced project near
the Bachelor Lake Mine (within a 100 km radius- a potential of 1.5
M oz)
