The Thunderbird Vanadium assays look quite comparable to other potential mines. Grandich was referring to assays from Crosshair and compared it to Uranium Star below. NOT's assays seem to be pretty good given that they were not initially drilled with Vanadium in mind.

Crosshair

Although Crosshair’s CMB project in Labrador is considered a uranium project, the company has also discovered a significant amount of vanadium in the area.

Some drilling highlights include:

• 0.215% V2O5 over 46.85 m for Hole ML-57
• 0.605% V2O5 over 11.85 m, including 0.305% V2O5 over 7.35 m for Hole ML-163
• 0.162% V2O5 over 224.0 m, including 0.206% V2O5 over 42.5 m for Hole ML-181

Uranium Star

For a comparison, let’s consider Uranium Star’s vanadium project in Madagascar. Although the company has not completed an NI 43-101 vanadium resource estimate yet, they have produced some great drill results which are in fact comparable to Crosshair’s.

Drill results from Uranium Star’s 2008 drill program:

• 0.41% V2O5 over 21.3 m, including 0.51% V2O5 over 15.2 m for Hole TH-08-11
• 0.4% V2O5 over 44.2 m, including 0.77% V2O5 over 13.7 m for Hole TH-08-27

NORONT RESOURCES REPORTS THUNDERBIRD VANADIUM ASSAY RESULTS
Toronto, Ontario, July 29, 2009. Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is
pleased to announce results from two additional drill holes at the newly discovered Thunderbird vanadium occurrence
where significant concentrations of vanadium, titanium, and iron were reported in Noront’s April 30, 2009 Press Release
http://www.norontresources.com/News/Release/143. The Thunderbird anomaly is located in the McFaulds Lake area
of the James Bay lowlands within the Ring of Fire mineral district.
HIGHLIGHTS
• Drilling extends vanadium and titanium mineralization over a 900 metre strike length;
• Drilling confirms significant width component;
• Hole 2G24 intersected 164.9 metres of 0.36% V2O5 including 45.9 meters 0.51% V2O5 and 113.7 metres of
0.33% V2O5 including 20.9m of 0.47% V2O5;
• Hole 2G25 intersected 241.4 metres of 0.37% V2O5 which included 59.8 metres averaging 0.54% V2O5;
Mr. Wes Hanson President and CEO of Noront, states that “The extensive vanadium mineralization at Thunderbird is further evidence of the robust potential of the Ring of Fire. Thunderbird is the third intriguing target discovered on our claims in the Ring of Fire. Recent developments at the Eagle One and the pending resource estimate for the Blackbird
chromite deposits will continue to be our primary focus for the foreseeable future.”