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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: Kudos to B-JAY

Sag, nice to see a friendly handle, been a long time!

While I agree that the Ring of Fire holds many more untold riches, I stand by my comment. Not only because ZEN's In Situe is so high but also because NOT has 4 times the share float. So Noront would have to find 4 times the In Situe value of ZEN to get the same per share value. Noront has great assets, some of the best undeveloped assets in the world. It is just too bad that too many greedy fingers got involved and diluted this company so much.

For the record, I do believe there is very good upside in Noront. The current MC is $92M, a real joke compared to the In Situe value in the ground. Rumour I heard is that we are near infrastructure announcements and that should help unlock a lot of the value here that Noront was not getting.

G.

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