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October 14, 2003

AntOro Closes A Private Placement for $600,000

Montreal, October 14, 2003 – AntOro Resources Inc. is pleased to announce the closing of a private placement for a total of 600 units at a price of $1,000.00 per unit, for gross proceeds of $ 600,000 with one Quebec resident for $350,000 and with a number of residents of British Columbia for $250,000.

Each unit is composed of 1,000 common shares and 4,000 flow-through shares at $0.20 per share and of 500 share purchase warrants, each share purchase warrant allows the subscriber to subscribe one common share at a price of $0.25 per share until March 31, 2005, and 2,000 flow-through share purchase warrants, each flow-through warrant allowing the subscriber to subscribe one flow-through share at a price of $0.25 per share until March 31, 2005. The shares of this placement are subject to transfer restrictions until February 15, 2004.

The net proceeds of this placement 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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