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: Noront Grants Options
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2,500,000 options!

That's enourmous. Unacceptable. The most recent drill results do not warrant this reward.

This and the last Options grant on May 5th, 2011 at $0.88 for 3,450,000 have too high a quantity to be reasonable.

The BOD must feel very secure with their position.

I bet they enjoy when the stock price drops as it gives them the ability to set themselves up handsomely in the future.

JDR

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