TORONTO, July 24, 2018 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (the "Corporation" or "Noront") announces today that, as a result of a review by staff of the Ontario Securities Commission ("OSC"), the Corporation is issuing the following news release to clarify certain disclosure made with respect to its chromite properties in the James Bay Lowlands of Ontario.

Specifically, the Corporation wishes to clarify that in its Q1-2018 corporate presentation (the “Corporate Presentation”), made available on the Corporation’s website, certain disclosure was made with respect to the development of the nearby Blackbird Chromite deposit and to certain cost estimates and initial capital development amounts.  The Corporate Presentation has been revised to amend certain of these references and delete other sections.  The revised Corporate Presentation is now available on Noront’s website.

In the Corporation’s Annual Information Form dated April 17, 2018, its MD&A for the year ended December 31, 2017, its MD&A for the quarter ended March 31, 2018 as well as in its Annual Report reference was made to Noront’s internal estimate that the internal rate of return is sufficient to develop the Blackbird Chromite project.  This statement is not supported by a technical report and so the Corporation retracts this statement from its continuous disclosure documents.

About Noront Resources
Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. For more information please visit www.norontresources.com.

The technical information presented in this press release has been approved by Ryan Weston, VP, Exploration, a Qualified Person as defined by NI 43-101.

For more information:
Janice Mandel
janice.mandel@stringcom.com
(647) 300-3853