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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According to the larest info (may require update) that i have.at the time of

he's leaving Mr Hanson had 1.6 million options outstanding of which:

One mill. with exercise price of $0.62,expiration date of June29/2014 and

one third not vested (and likely lost).

100,000 with ex. price of $2.09 and good until Dec11/2014.

500,000 with ex. price of $0.88, expiration date of May5/2016 and 9% not

vested ( and likely lost too).

So Mr Hanson needs to see the shares of Noront at least double in price

in future before seeing any gain on he's options.

GLTA,

Fossil

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