TORONTO, Oct. 27 /CNW/ - Noront Resources Ltd. ("Noront" or the
"Company") and Rosseau Asset Management Ltd. ("Rosseau") are pleased to
announce that they have agreed to a jointly determined single slate of
directors for election at Noront's annual and special meeting of shareholders
to be held on October 28, 2008 (the "Meeting"). The new Board will have a
strong mandate to move the Company forward in the best interests of all
shareholders. Pursuant to the terms of an arrangement reached between Rosseau
and Noront, the new board of directors will be comprised of the following six
directors: Darren J. Blasutti, Joseph A. Hamilton, Keith McKay, Lorie
Waisberg, Patrick F.N. Anderson and Paul A. Parisotto. In the view of the
current Board and management of Noront, as well as Rosseau, the new Board will
be well positioned to take Noront forward into the future drawing on
considerable new industry expertise. The new Board will also ensure that
Noront's future is pursued in a balanced manner in the interests of all
shareholders.

Was going over this portion of the press release 2 years ago (when R.N. left) since then we have raised at least $58 million ( 40 million + shares) excluding yesterday. Throwing this out there wondering how much further ahead are we.