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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Noront’s Eagle’s Nest First Mine

“Noront’s schedule is based on the Eagle’s Nest project being the first mine developed in the Ring of Fire,” said Noront President & CEO Alan Coutts. “Our projections have not been dependent on the development plans of other mining companies. We look forward to participating in the proposed development corporation with the First Nations, and the Provincial and Federal governments to advance infrastructure planning for the region. As we near completion of our EA process, clarity regarding the timing and financing of this infrastructure will become paramount.”

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