From Noront's 2007 FS: (Note 5 (iv))

"On February 8, 2006, the Company received an exploration permit in the name of the Company's wholly owned China Subsidiary BaoTou Noront Mineral Development Co. Ltd. covering its acquisition of a 100% interest in the China One Copper/Gold Project located in Inner Mongolia in the Peoples Republic of China. The permit covers 5.16 square kilometres in area. The Company has an agreement in principle with certain private individuals herein referred to as the "China Group" wherein the China Group has been granted an option to earn a 50% interest in the Company's China One Copper/Gold project. The option to earn the 50% interest in the project calls for a non-refundable cash payment of $90,000 USD which payment the Company has received.

Subject to the approval of the Company, the China Group intends to transfer their rights into a publicly traded vehicle, trading and in good standing on a recognized stock exchange in North America, within 30 days from the date of the agreement. The option agreement further calls for expenditures on the project totaling $750,000 US to be expended by February 1, 2009, $250,000 of which was to be expended on or before February 1, 2007. The China Group have also agreed that upon the transfer of the option arrangements, to deliver to the Company 300,000 common shares of the Transferee and a further 250,000 common shares on each of the second and third anniversary of the option agreement, subject to ail regulatory authority approvals.

On November 21, 2006, Noront announced that it has been advised that the Option Agreement entered into between the Company and the China Group, has been transferred to Newport Gold Inc. ("Newport").

Newport has agreed to assume ail of the obligations contained in Noront's agreement with the China Group dated February 1, 2006. Noront has received 300,000 Newport common shares, valued at $34,500, as part of the assignment of the option agreement from the China Group to Newport for Newport to earn a 50% interest in the Company's China One Project. "

Newport Gold has a website in construction. It seems to be a Pink Sheet inscription, incorporated in Nevada... (is it the right corp?) It seems that there are no more reference to this property in the last FS.

BaBe.