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: Latest news....Heavy emphasis on FN

Some quotes from the news...

"Noront has agreed to support Marten Falls First Nation (MFFN) as the proponent of a winter road to access its Eagle's Nest Mine in the Ring of Fire."

"MFFN has submitted a permit application to build a winter road from Marten Falls to Noront's Esker camp where the Eagle's Nest Mine will be located."

..."to be used for work on the existing airstrip"

..."be completed under an approved land use plan with Noront's development partner Marten Falls Logistics"

"These contractors were selected based on their global and northern experience, proven track record of working successfully with First Nation communities"

"Comments were also received from several First Nation communities and their concerns/issues are being addressed"

"We are also advancing discussions with a number of First Nation communities, with the objective of negotiating Impact Benefit Agreements (IBAs) and community participation in our environmental assessment processes."

Exploration Update

Both our geophysical and drilling contractors utilize local workers. Our 2014/2015 work plan is dependent on receiving certain approvals from the provincial government, local community support and financing.

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