In light of the Company’s recent discoveries at the Double Eagle Project, Noront’s focus is shifting away from developing assets to a prospective stage, with a view to attracting third parties interested in participating financially or otherwise. Instead, the Company is fully

engaged in exploring and developing the Double Eagle Project and the Ring of Fire and in continuing to add to its already extensive land position in the Ring of Fire area through option agreements and other arrangements.

WOW. RN and company have basically said we are no longer looking for a third party but will be developping this ourselves!!! Thanks Xstrata, Glen Core etc...but NO THANKS.

I like it. Most of us saw this coming but to see it printed on page 2 of the MD&A is very powerful.

Welcome to Noront: The New Canadian Base Metal, Chrome and Gold Producer!!!

Glorieux