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: Trivia on a slow day

Since April 30, 2011 to present Noront had;

49,999 Options (.62).....................................Exercised

2,540,000 Options.........................................Expired

2,162,502 Options.........................................Forfeited

1,450,000 Options @ .62 expiring June 30 may or may NOT

get exercised being very sightly in the money for now.

GLTA,

Fossil

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