Dear NOT investors,

Firstly on the subject of market manipulation. The OSC report is out today on their 2010 efforts to enforce, investigate, prosicute, etc. With only 2 instances reported for manipulation the entire year under this offense. Inept at detection, to say the least. Link below:

www.securities-administrators.ca

http://www.marketwire.com/press-release/Canadian-Securities-Regulators-2010-Enforcement-Report-Indicates-More-Violators-Facing-1399696.htm

I have considered attending the upcoming PDAC and popped in for a visit on their website to get the necessary registration details. Once on the site, there is a link to the "Investors Exchange" floorplan. The floorplan being made up of hundreds of 10'X10" exhibitor booths, a limited number of double booths or larger. Those larger booths, I assumed would be for the likes of Xstra, Kinross, etc. (The big boys)..... all but one double booth belongs to a junior.........and by golly it's got Noront Resources name on it.

Now I will have to assume that NOT management had a good reason for needing this larger exhibit space. Could it be they anticipate an overwhelming number of booth visitors? Are they just acting too big for their britches? Is there going to be a "visual" enticement of some sort?

This has peeked my curiosity and it also brought me to thinking.... who will be manning this booth? What IR machine to we have in place? Can we expect upper management to handle this effectively? Considering they can't even update the NOT website or put anything on their corporate events calendar!!!

How can we expect the CEO to manage this marketing event? Most companies will have a press release out already on their presence at the PDAC or series of releases that fire off as we get closer to the conference date. I would expect in the least that Noront will get out news release at some point. If Wes isn't too busy with his "other" pet project.

It was only last Friday that I discovered this "other" project Wes has apparently been working on since his early days cutting his teeth as a novice geo in the FlinFlon area. (Mid 80's - before his time at SNC Lavlin).

Ticker symbol: SEM (St. Euguene Mining) - TSX Venture

Wes Hanson, Board Chairman

SEM just came out with a resource estimate last Thursday with his name certified on the document.

I was unaware that Wes held any other corporate postions other than for Noront.

Could this now be considered a conflict of interest? (Yes)

What really got me steamed was the SEM press release that is dated Dec. 24, 2010 (Grant of Options)

You mean he double dipped on Christmas Eve???? What other corporate board member in all of North America has the ability to do that? Was he trying to set a historical record of some kind?

Where is his compassion for shareholders at a time when the share price has decayed significantly? At least with NOT.

I hope to get an answer to these and other questions when I visit booth #2631 two weeks from now.

Mynot apologizes for the rant. It has been a brutal day in the markets!

At least I ... am trying to keep you informed, LOL

Regards,

mynot