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: Re: KWG Resources Inc.: Black Horse Smelting Test Produces 61.9% Cr in Ferrochrome

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Symbol: NOT:TSX-V

Shares Outstanding: 154,578,457

Fully Diluted: 164,898,457

>>

TORONTO, June 30 /CNW/ - Noront Resources Ltd. ("Noront" or the

"Company") (TSX Venture: NOT) announces that pursuant to the Company's Stock

Option Plan and subject to any regulatory approvals, it has granted 3,865,000

Stock Options set at Cdn.$0.62 for a period of five years (2014) to new and

existing employees and consultants of the Company. These Stock Options have a

three year vesting period. None of these Stock Options were granted to the

existing Members of the Board of Directors.

djo.....The answer to your question lies IMO in the above wording:These Stock

options have a three year vesting period.

The latest info I have shows only Wes with 1 Million of those options, with

333,333 not vested and Gregory Rieveley with 500,000, with 166.667 not vested.

Not made brief trip to $ 3.00 ( Hole # 27 ??) right about the same

time when options granted.

GLTY and all,

Fossil

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