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: Quick call from Dick Nemis
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You can understand with everything going on that my conversation was short and only covered two things.

One that a news release is underway to clarify the Probe release and assure Noront investors it has nothing to do with Noront's claim ownership.

Secondly a general conversation about the Chromite found as I tried to get some understanding of deposit shape. Not sure that I actually do BUT Dick explained they know the thickness of lens varies and in parts is huge (20 to 70 meters). Yes the signature of the target being drilled is 450 meters in length but this has little bearing on how far the chromite could extend. It could be 5 to 7 kilometers.

Of course I wanted some idea of width but Dick indicated that's tough to indicate with the drilling done todate and just can't comment on. This mineralization has been deformed over geological time and closer to surface than would have been expected. So far the opinion is it would indeed be pit mined.

Dick's opinion at this time is that this is indeed a 'world class' deposit and it's too early to rule it out as not being 'LARGER' than South African deposits.

Guess there are darn good reasons why two drills are poking holes into this to come up with numbers for investors.

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