TORONTO, ONTARIO, Aug 29, 2007 -- Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that it has been advised by its project manager (Billiken Management Services Inc.) of Toronto results of the first two holes of the diamond drilling program started August 24, 2007 on the recently optioned claims of the Company's Double Eagle project located in James Bay Lowlands, northeaste

rn Ontario. The first hole of the current drill program NOT-07-01 has intersected visible copper sulphide mineralization (chalcopyrite) in a pyrrhotite - chalcopyrite - peridotite geological setting. The initial hole was drilled at -45 degrees and intersected chalcopyrite and pyrrhotite mineralization between 56 meters to 82 meters, however the total sulphide percentage dropped off between 69 and 82 meters downhole. Between 82 and 122 the mineralization slowly decreases to trace levels beyond 125 meters. The total drill intercept of the mineralized sulphide zone was 69 meters. The first hole continued to 140 meters and was terminated. A second hole drilled from same location, undercut hole NOT-07-01 at -65 degrees. This second hole entered similar mineralization (as in the first hole) at 91.3 meters core length. The hole intersected 72.9 meters of mineralization, the overall tenor of mineralization in the second hole is similar to that of the first hole, however a massive section of pyrrhotite and chalcopyrite over 1.93 meters (104.67 to 106.6) has been observed in the second hole and was not seen in the first hole. Plotting on section for the two holes suggests a vertical dipping structure that is in the order of 50 meters wide (true width). Hole NOT-07-02 was terminated at 191 meters and the drill has been moved 100 meters to the northeast to test for a northeasterly extension of this structure. These above descriptions are taken from preliminary drill logs as prepared by site geologi...

Noront management deserves an AAA credit.... the past year RN has transformed our company ...look at PRB ( I owned a bit too )or other companies in Mcfauld lake ,they are still struggling about finding the right resources...but a year has gone...

BH