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December 31, 2002

AntOro Closes Three Private Placements for $737,640

Montréal, December 31, 2002 – AntOro Resources Inc. is pleased to announce the closing of two private placement for a total of 540 "B" units at a price of $1,080.00 per unit, for gross proceeds of $583,200 with two Quebec residents. AntOro also announces the closing of a Private Placement for 143 "B" units in an amount of $154,440 with a non-Quebec subscriber.

Each "B" unit is composed of 600 common shares and 2,400 flow-through shares at $0.36 per share and of 300 share purchase warrants, each share purchase warrant allows the subscriber to subscribe one common share at a price of $0.48 per share until December 31, 2003, and 1,200 flow-through share purchase warrants, each flow-through warrant allowing the subscriber to subscribe one flow-through share at a price of $0.48 per share until December 31, 2003.

The net proceeds of these placements will be added to AntOro’s working capital and will be used for exploration requirements on the Corporation’s mining properties in Quebec and Ontario.

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• AntOro Acquires Two Mining Properties in Ontario - Dec 31, 2002
• AntOro Closes One Private Placement for $253,800 and The Acquistion of a Mining Property in Ontario - Dec 20, 2002
• AntOro Begins Phase II of The Exploration Campaign - Oct 16, 2002
• AntOro Receives $428,925 in Private Placements - Jul 10, 2002