Metanor Reports its Financial Results for the Quarter Ended September 30th, 2014 - Seite 2

(thousand dollars) September 30th 2014 September 30, 2014 Gold Sales 15,878 0 Operating Costs (11,240 ) 0 Royalties (230 ) 0 Depreciation & depletion (3,637 ) 0 Gross Profit 771 0 Other Expenses (1,748 ) (657 ) Operating Loss (977 ) (657 ) Financial Expenses & Revenues 79 (967 ) Deferred Income Taxes (59 ) 0 Net Results (958 ) (1,624 )

*As of December 1st 2013, the Bachelor Mine reached commercial production status.

Ghislain Morin, president and chief executive officer, and Serge Roy, executive chairman of the board, declared: « Even in this volatile gold market, Metanor is generating a positive cash flow and is pursuing its drilling program. The focus remains on improving Metanor' balance sheet and increasing resources at the Bachelor Mine. »