TORONTO, ONTARIO - (March 12, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that the 3,250,000 warrants exercisable at $5.00 per common share, which formed part of the units subscribed for pursuant to the private placement described in Noront's press release of February 7, 2008 are now exercisable on or before 5:00 p.m. (Toronto time) on April 10, 2008 after which time they will expire.

The warrants were exercisable at a price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront had closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront's common shares are listed for trading. This condition was achieved at the close of market on March 11, 2008.

The common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008.