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: Extended Offer...

Extended Offer...

posted on Nov 12, 2009 05:12PM

This wasn*t in FWR release early... Extended Offer.....till Dec 1st.

Very interesting.....

..Wes Hanson, President and CEO of Noront stated, "Under the agreement reached today between Noront and Freewest, we have agreed to extend our Offer until December 1, 2009 and Freewest has agreed to waive effective immediately at 5:00 p.m. on December 1, 2009 the application of the Shareholder Rights Plan to our Offer. We encourage Freewest shareholders to take this opportunity to realize the full and fair value of our Offer, which is the only outstanding offer, and to tender their shares. Mr. Hanson further stated, "We note the entering into of a confidentiality and exclusivity agreement by Freewest with a single, unnamed party on the 40th day following the original announcement of our intention to make the Offer. Typically, parties seek to canvass all strategic alternatives and we are surprised that Freewest has essentially admitted at this stage that the range of options available to them consist only of the certainty of the Noront bid and the uncertainty of one unnamed offeror. This confirms our view that Noront's offer is the only realistic opportunity for Freewest to consummate a transaction which maximizes value for its shareholders.

Keep the dice rolling............

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