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May 05, 2004

AntOro Closes A Private Placement for $800,000

Montreal, May 5, 2004 – AntOro Resources Inc has closed a private placement for a total of 800 units at a price of $1,000 per unit, for gross proceeds of $800,000 with two Quebec residents subscribing to an amount of $550,000 and with an Ontario resident equally for $250,000.

Each unit comprises 1,000 common shares and 4,000 flow-through shares at 20 cents per share and 500 share purchase warrants, each share purchase warrant allows the subscriber to subscribe one common share at a price of 25 cents per share until December 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 25 cents per share until March 31, 2005.

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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