Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) today announces

that the Company’s shareholders approved the Convertible Loan including the creation of a new

“Control Person” and By-Law No. 2 which allows the board of directors to borrow on behalf of the

Company at the Special Meeting of Shareholders held on April 30, 2013.

As more particularly described in the Company’s press release dated February 26, 2013, Noront

entered into a loan facility with Resource Capital Fund V L.P. in the aggregate principal amount of

US$15.0 million (the “Facility”). The Facility is a one year bridge loan (the “Bridge Loan”) which

matures on February 25, 2014 and automatically rolls into a convertible loan (the “Convertible

Loan”) with a maturity date of December 31, 2015, if the Facility is not repaid prior to the Bridge

Loan maturity date.

The issuance of the conversion rights and interest shares under the Convertible Loan required

shareholder approval since the issuance will create a new “Control Person”, on such terms as

more particularly described in the Management Information Circular of the Company dated March

26, 2013. Prior to entering into the Facility, the Company’s board of directors approved By-Law

No. 2 which is a borrowing by-law and provides the board of directors with the ability to borrow

money on behalf of the Company.

LTGoldBull12 above was published on May 1/2013 on Sedar site and shareholders approved RCF crossing 20% treshold. Hope that will be enough for you. Fossil