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: NOT working with FWR

Yes Noront spent total of $741,186 last year on Lizar and so far not a lot to show for the money spent. Now FWR have to kick in 40% of expenses and nothing has been scheduled for this year. Can't see it doing anything for either companies share price. Ditto for all other projects except for Windfall. Even Burnt Hill where work is ongoing by jv partner isn't likely to add value this year.

Noront will be spending money first and formost in the 'ROF' where biggest bang for buck will result and secondary on Windfall where a mine is likely to be in operation within a year.

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