Pinnacle Digest: Noront Sparks Interest from Leading Mining Site

Jan 16, 2008 (M2 PRESSWIRE via COMTEX) -- www.PinnacleDigest.com is a performance-driven online financial magazine with a consistent and disciplined approach to the market. With our growing network of experienced professionals we strive to bring investors the only multi-dimensional online investing magazine. Yesterday's news from Noront Resources (TSXV:NOT) announcing that they have entered into an option agreement pursuant to which Seafield has been granted the option to acquire a 50% legal and beneficial interest in 6 claim blocks, located in the "Ring of Fire" has led to further research by our team in order to determine if we will select them as our next Featured Company. Only Pinnacle members will be notified if we select them as our next equity target.

Why is our research team interested in Noront Resources?

Our team has had tremendous success in bringing forward companies in the mining sector in 2007 and we are following Noront's development to see if they have what it takes to be our next equity of choice. We are looking for mining plays with a market cap established over 250 million dollars due to the volatile times we are currently in; Noront certainly has that and with less than 150 million shares outstanding we are watching them very closely. A tight capital structure is crucial in our selection process.

The second reason is due to Noront's decline in share value over the few months. They could be a potential "bottom feeder" investment opportunity if they can continue to develop at these levels.

Although we haven't determined if we will select Noront Resources as our next Featured Company quite yet, we do plan on continuing our research exclusively on our site. If they continue to develop to our satisfaction we plan on bringing them to the attention of all our investors as our next opportunity in this very important sector.

To recap, The Seafield property covers an 8 km stretch of the "Ring" which is interpreted to be underlain by metavolcanic and mafic to ultramafic intrusive rocks. Initial exploration over the property will include a state-of-the-art detailed heli-borne magnetic and EM geophysical survey expected to commence later this month, to define targets for follow up drilling.

We will be reviewing Noront Resources' development and its potential ramifications on their future; further information and the entire article will be available on our site as well as an exclusive Chat Board dedicated to Noront Resources. All Noront shareholders are encouraged to share their thoughts on this equity with one of Canada's largest online investor communities. Within one week we will be announcing our next Featured Company which we only do four times every year. Join our informative and complimentary online financial magazine at www.pinnacledigest.com .

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