From Stockwatch, sir.

Noront pleased with preassay drilling at Ring of Fire

2008-11-10 17:18 ET - News Release

Mr. Paul Parisotto and Joe Hamilton report

DEEP DRILLING BY NORONT BENEATH THE EAGLE ONE DEPOSIT INTERSECTS 28.5 METERS OF NEW COPPER-NICKEL SULPHIDE MINERALIZATION

Noront Resources Ltd. has released the following results from its exploration activities in the Ring of Fire portion of the McFaulds Lake area of Northern Ontario in the James Bay lowlands.

Noront in its Eagle One extension program has been diamond-drill testing the peridotite north-south-striking dike or conduit between the Eagle One deposit and the AT1 anomaly, about 800 metres to the south, since earlier this summer. The most recently completed hole in this program, NOT-08-44, entered the peridotite conduit at 294.2 metres and returned 28.5 metres of copper-nickel sulphide mineralization to 322.7 metres where the hole left the peridotite conduit and continued in granodiorite until its end at 375.0 metres.

Following is a more detailed summary of hole NOT-08-44. Assays from the hole are pending and true widths cannot be determined at this time.

          Northing  Easting   Azimuth       Dip   Length           Observed
Hole No.      (UTN)    (UTM) (degrees) (degrees)      (m)    mineralization

NOT-08-44  5843600   547000       090       -50      375  294.2-301.6 (7.4m)
                                                            diss. sulphides,
                                                               minor copper-
                                                                     nickel
                                                         301.6-315.7 (14.1m)
                                                          massive sulphides
                                                                with copper,
                                                                     nickel
                                                          315.7-322.7 (7.0m)
                                                            diss. sulphides,
                                                               minor copper-
                                                                     nickel

The mineralization intersections reported are from visual observations and the pending assay reports must be awaited to give a more precise estimation of significant mineralization present. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

Hole NOT-08-44 is approximately 70 metres vertically below hole NOT-08-28 and 32 previously reported (see news in Stockwatch on May 8, 2008), which both returned significant core widths of copper-nickel and PGM mineralization from the Eagle One deposit.

The previously completed eight drill holes (NOT-08-36 to 43) in this Eagle One extension program were south of the previously known Eagle One deposit and although they tested the same peridotite host conduit no significant mineralization was encountered.

Drilling is continuing at greater depths beneath the Eagle One deposit to outline additional copper-nickel-precious metal resources to enhance the economic viability of this deposit. The results of a preliminary assessment of the Eagle One deposit were released by Noront (see news in Stockwatch on Oct. 21, 2008) and a full report is expected before Dec. 4, 2008.

Other Noront drills active in the Ring of Fire area include one continuing to delineate the Blackbird chromium deposits and two drills testing airborne geophysical targets elsewhere along the Ring of Fire. When assays pending from the chromium drilling program are received, they will be released as well as assays still pending from the AT-12 anomaly copper-nickel sulphide prospect where initial test drilling was recently completed.

Quality control and analytical protocol

A thorough quality control program is in effect for Noront's analytical work, which includes grouping samples into batches of 35 into each of which are added two certified reference material standards, two field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of each batch. It can be said with confidence that all assays under way will have passed the strict quality control guidelines as set out by independent qualified person (IQP) Tracy Armstrong, PGeo, of P & E Mining Consultants Inc.