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December 20, 2002

AntOro Closes One Private Placement for $253,800 and The Acquistion of a Mining Property in Ontario

Montréal, December 20, 2002 – AntOro Resources Inc. is pleased to announce the closing of one private placement for a total of 235 units “A” (the “unit”) at a price of $1,080 per unit, for gross proceeds of $253,800 with a Quebec resident.

Each unit is composed of 600 common shares and 2,400 flow-through shares at $0.36 per share and of 600 share purchase warrants, each warrant allowing the subscriber to subscribe one common share at a price of $0.48 per share until December 31, 2004, and 2,400 flow-through share purchase warrants, each warrant allowing the subscriber to subscribe one flow-through share at a price of $0.48 per share until December 31, 2004.

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.

AntOro is pleased to announce the acquisition of the "Golden Bell" property located in the Bryant Township in Ontario. The property is composed of one mining claim consisting of 16 units covering an area of 256 hectares, according to the Ontario Mining Act. The Corporation acquires this property in exchange of a cash payment of $5,000 and the issuance of 250,000 treasury shares.

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