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: Re: Why Nemis is excited about chromium values at Blackbird 1

Hey Rodg...we missed ya!!! Nice comeback post. Yeah, it is easy to understand it when you put it like that. I guess this is why Richard so badly wants that 43-101 out. With the report from Dr. Mungall in the 43-101, discussing Chrome and comparing our chrome to Bushveld will now be allowed. The market will better grasp what we have. I got a PM earlier asking how I could be so certain of myself when I said a NR with the full report 43-101 was guaranteed within 3 weeks. The reason is simple: Regulations demand it! When a company writes a resource estimate 43-101, they then have 45 days to deliver the complete 43-101 report. So Noront will have a major NR within 3 weeks.

The next three weeks should see our SP appreciate as we get closer to this guaranteed major report.

Glorieux

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