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: Heard that a new ground geophysics technology is being considered at Eagle 1

Hi Lar,

The road thru FNC property to get from the land strip to Eagle is being constructed now about a 1 month. They have flown in a bulldozer just for that purpose. Now the cost of flying this in is huge but it will save them lots of money down the road. Also, it is an indication that Noront now thinks that the key to the nickel is Eagle 1 area. I believe they are right.

Glorieux

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