BNR

Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased
to announce that it has entered into an agreement ( the "Transaction") to sell
twenty-four contiguous mineral claims (known as the "Pitt Gold Project") to Xmet
Inc. ("Xmet" ) (TSX VENTURE:XME). The Pitt Gold Project is immediately adjacent
to Xmet's flagship Duquesne-Ottoman Project in Quebec. This Transaction allows
for the consolidation of significant NI 43-101 compliant resource ounces within
the highly prospective Duparquet mining camp that lies within the historically
prolific Porcupine Destor Break, in the Abitibi Greenstone Belt. 


In exchange for 100% ownership of the Pitt Gold Project, Xmet will issue
20,626,960 of its common shares to Brionor. Completion of the Transaction is
subject to a number of conditions, including but not limited to, the exercise of
Xmet's option to purchase a 75% interest in Duquesne-Ottoman Project (see press
release of Xmet dated March 3, 2012 for more information on the option), and
both parties obtaining all necessary corporate approvals, as well as the
acceptance of the TSX Venture Exchange. The parties have agreed to complete the
Transaction by no later than October 31, 2012.


The completion of the Transaction will increase the NI 43-101 compliant gold
resource on Xmet's combined Duquesne-Ottoman/Pitt Gold property to 953,000
inferred and 156,000 indicated ounces of gold. The Pitt Gold Project contains
600,000 tonnes at 7.83 grams per tonne gold equalling 156,000 indicated gold
ounces, and 476,000 tonnes at 6.91 grams per tonne gold equalling 100,000
inferred gold ounces (see the Brionor press release dated June 20, 2011 for more
information on the resource calculation). Xmet's Duquesne-Ottoman Project hosts
a compliant resource of 4.17 million tonnes at 6.36 grams per tonne gold uncut
equalling 853,000 inferred gold ounces (see the Xmet press release(s) dated
September 8 and October 25, 2011 for more information on the resource
calculation).


Lew Lawrick, President and CEO of Brionor commented: "The consolidation of the
Pitt Gold and Duquesne-Ottoman into one contiguous project area holding a
significant compliant gold resource, coupled with measurable exploration upside
in the expanded portfolio was the sensible thing to do. We are pleased to take
back a significant equity ownership position in Xmet, and in so doing look
forward to the amalgamated project moving forward under their management
stewardship." 


Brionor is a junior mining exploration company with a portfolio of exploration
projects in Quebec.


The technical aspects of this press release have been reviewed by Michael Byron,
Ph.D., P.Geol., a Director of Brionor, who is the "Qualified Person" (as defined
by NI 43-101) for this press release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Some statements in this release may contain forward-looking information. All
statements, other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements regarding potential
mineralization) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should", "continue",
"expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or
the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to control or
predict, that may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, without limitation, failure by the parties to complete the
Transaction, failure to establish estimated mineral resources, the possibility
that future exploration results will not be consistent with the Company's
expectations, changes in world gold markets or markets for other commodities,
and other risks disclosed in the Company's public disclosure record on file with
the relevant securities regulatory authorities. Any forward-looking statement
speaks only as of the date on which it is made and except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement

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