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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The SP that Noront sells for will be in relation to what the value is without any reality to the market. Not one single SH will let Noront go for less than $2 no matter what the market perception of the SP is. We already have our owners who are not selling out cheap. They may be the ones who take it away from the rest but they will not sell to low bid. We fear not a stranger but those who are close.

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