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: Controling shares

CT, in the market wire release it talks of a .61 cent price and I'm not sure if this is their average or the last purchase.

Resource Capital Fund V L.P. Acquires Additional Shares of Noront Resources Ltd.

DENVER, March 23, 2012 /CNW/ - Resource Capital Fund V L.P. ("RCF") reports that it has acquired ownership of 252,000 common shares ("Common Shares") in the capital of Noront Resources Ltd. ("Noront") by way of an ordinary market transaction through the facilities of the TSX Venture Exchange at a price of C$0.6116 per Common Share, representing approximately 0.12% of Noront's issued and outstanding Common Shares (the "Transaction").

As a result of the Transaction, RCF will own an aggregate of 21,069,987 Common Shares in the capital of Noront, representing approximately 10.11% of Noront's issued and outstanding Common Shares and 9.13% on a fully diluted basis.

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