Simcoe, Ontario (FSCwire) - METALORE RESOURCES LIMITED (MET/TSX) reports that representatives of the Company made oral submissions to Toronto Stock Exchange (TSX) at the appeal hearing held on Friday, September 2, 2016 to support the Company’s request that the decision to delist the Company from TSX be overturned.

After considering both the written and oral submissions by the Company, TSX determined to uphold the decision to delist Metalore on September 9, 2016. However, the TSX has granted an extension of the delisting date to September 23, to enable Metalore to diligently determine the best alternative market on which to trade its shares.

Before September 23, Metalore will issue a news release about which alternative market it has applied or intends to apply. The Company understands that TSX, in its discretion, may provide a further extension of the delisting date of the Company to allow an orderly transition to another market.

For further information, please contact:

George Chilian, Pres

Metalore Resources Limited

(519) 428 - 2464

To follow Metalore Resources Limited on your favorite social media platform or financial websites, please click on the icons below.

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.