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: Like Noront, MTX hit with the first hole
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They were still drilling that first hole. There target was between 100 and 150 meters...So this hole may still have some legs to it. As for ownership, when I talked to Metalex earlier today, it was WSR 49% and MTX 51%, out of that 51% Artic gets 8.5% or about 4.3% and MTX nets out 46.7%...They currently have a 35M market cap...lets see how long that lasts tomorrow. The important thing for Noront is that this HIT is miles/kilometers away so this bods very well for Noront with the largest land position. Sooner or later, people will realize the Ring of Fire is for real and we will all be greatly rewarded for being ahead of the curve and being patient.

Cheers to all,

Glorieux

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