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 two largest shareholders RCF and BAO own a total of 71,258,561 shares.

That comes to just 31% out of 231 Million issued.

RCF.....................................21% or 48,457,433 shares

BAO.....................................10% or 22,801,128 shares

Convertible loan of 15 Million still outstanding.

GLTA,

Fossil

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