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: share structure

It does seem that this PP was done both to reward those participating as well as ensuring complete control. We can bitch but unless we have knowledge of action contrary to rules and regulations we are not going to be listened to.

Remember however that the individual members of the BofD don't personally hold or control any significant number of shares. If institutions don't like what's done they can, perhaps with our help, make changes. Those 'institutions' want to make money just as bad as we do and only way to do so is to have Noront share prices soar.

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