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July 10, 2002

AntOro Receives $428,925 in Private Placements

Montréal, July 10, 2002 - AntOro Resources Inc. (« AntOro ») announces two private placements. The first placement, to be made with a non-Quebec resident, is for a maximum amount of $199,500 consisting of 200 units at $997.50 per unit. Each unit will consist of 700 common shares of the capital stock of AntOro and 2,800 flow-through shares at $0.285 per share and 700 share purchase warrants allowing the subscriber to subscribe one common share of AntOro at a price of $0.38 per share and 2,800 flow-through share purchase warrants allowing the subscriber to subscribe one flow-through share at a price of $0.38 per share until January 2, 2004.

The second private placement, to be made with a Quebec resident, is for a maximum amount of $229,425 consisting of 230 units at $997.50 per unit. The conditions of these units are identical to the units described above.

The proceeds from these placements will be added to AntOro’s working capital and will serve for exploration requirements.

AntOro is also pleased to announce the completion of Phase I of the diamond exploration program on its Montalembert property. The results should be released in mid-september 2002.

These transactions are subject to the approval of the various regulatory authorities. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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