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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Starting today and ending on the last day of March will be established Volume Weighted

Average price of Noront shares for the purpose od determaining the amount needed to

satisfy the loan quarterly interest payment, should RCF opt to get paid in shares.

The interest will be paid out on or about April 15/2015.

Best of luck to all NOT longs,

Fossil

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