HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: More lenses to come...Drilling will prove it up.

John is positive as are most of the rest of us that multiple deposits are in the immediate area (within a few kilometers) of the DE 1 find. Personally I believe Noront will be first to find another.

Keep this in mind. There are multiple targets on Noront's ground. There are multiple targets on Probe, Fancamp, Freewest, BMK and Spider's ground within a few kilometers. The Market knows this very well. Every time somebody finds a deposit it should ratchet up the share prices of everybody else.

So Noront doesn't entirely have to stand on their own here and will have assistance from both their jv partners as well as unallied juniors.

Pretty hard not to assume share price levels more than double existing within a few months as drill results start coming in from all over.

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