TORONTO, ONTARIO October 30, 2007 Noront Resources Ltd. (“Noront”)(TSX Venture: NOT) is pleased to announce progress of the diamond drilling and geophysical program, as well as recently received assay results on its’ Double Eagle project located in James Bay Lowlands, northeastern Ontario.

HIGHLIGHTS

• Hole NOT-07-07 undercut hole NOT-07-05 intersected the main mineralized zone starting at 72 meters core length and remained in it until 123.5 meters, for a total of 51.5 meters which included massive sulphide mineralization between 75.2 and 89.5 meters (14.3 meters) core length that averaged 2.5% Cu, 6.3 % Ni, 5.92 g/t Pt, 16.21 g/t Pd, 0.24 g/t Au and 8.3 g/t Ag.
• Hole NOT-07-09 intersected the mineralized zone at 43 meters core length and remained in it until 88.6 meters for a total intersection of 45.6 meters. This mineralized zone included two massive sulphide sections totaling 22 meters. Assays for the 17.4 meter upper massive sulphide section averaged 3.87 % Cu, 4.82 % Ni, 1.02 g/t Pt, 14.78 g/t Pd, 0.27 g/t Au and 11.3 g/t Ag, while the lower 4.6 meter massive sulphide section averaged 2.01 % Cu, 8.3 % Ni, 0.14 g/t Pt, 0.23 g/t, 11.53 g/t Pd, Au and 5.1 g/t Ag;
• The near vertical dipping mineralized Nickel – Copper – PGM Eagle One occurrence averaging 40 to 45 meters in horizontal width is still open along strike, lies conformably near the western edge of a larger peridotite intrusive that has widened to 85 meters in horizontal width at its presently drilled south extent.
• Noront increases land position to 41,632 hectares (416.32 square kilometers) in 173 mining claims, and staking continues around the “Ring of Fire”.