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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In regards to

"The letter you forwarded includes a statement that Rosseau has given misleading information to shareholders. If you believe that the dissident information circular or other materials delivered to Noront shareholders contains misleading information, please provide us with references to the specific statements that you believe are misleading and the basis of your belief."

I think we should all look very closely over the information Rosseau's provided to shareholders over this weekend and determine if he has attempted to mislead shareholders. If he has then we should resubmit a letter as asked outlining how and where this occurred. Eg: That Noront management had basically squandered $$ on Windfall when in fact these $$ had been earmarked for Windfall and as such it would have been irresponsible not to have spent this $$ on Windfall.





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