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: rcf shares
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Mark you wrote:

RCF courtesy SH Stockstream owns 24,412,342 shares after the 2nd quarterly instalment, paid in shares 15th October"

According to Noront's management information circular filed on sedar Sept.3, 2013

-Resource Capital Fund V L.P. ("RCF") holds 44,316,856 Common Shares, constituting approximately 19.0% of the Common Shares.

-Then Oct. 31, 2013 the company releases this:

The Company also announces that pursuant to the loan agreement entered into between Noront and Resource Capital Funds V L.P. ("RCF") on February 26, 2013, it has satisfied the payment of interest for the third quarter of calendar 2013 by delivery of 1,165,473 common shares of the Company (the "Interest Shares") to RCF, at an effective price of $0.3317 per Interest Share. The Interest Shares are subject to a four month hold period which will expire on February 16, 2014

Total is 45,482,329 shares

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