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: SP

Well if anything is going to push the 'grouch' button it's been way Noront share price hasn't held up over the past weeks.

If there is any bright side it's the fact that this morning we did not see indiscriminate dumping of shares into the market to cover margin. It's early to say for sure but in the last few minutes there does appear to be some strengthening of bids. Far from over and we longs haven't much choice but to grit our teeth and wait for the summer exploration to proceed and show what can be found.

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