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: drilling halted and Wes blames others for it Gee

"We are ACTIVELY negotiating with the communities involved and are confident that a fair and equitable settlement can be reached in the near future".

This final sentence of the release leaves me somewhat puzzled. If, as I assume, Wes is speaking only for Noront which to a considerable extent has aligned itself already with the communities, what are they actively negotiating? If "we" means the ROF mining explorers as a group, how can Wes be so confident all will be resolved shortly?

This release has the gloss of a soothing announcement, rather than a precise statement of what is actually going on. I, for one, am left to wonder.

Best, O.F.

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