Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: all the house positions for : FNC from 3/16/2010 to 4/16/2010.

sculpin,

Anon bought 142,00 shares @.49 sold 766,500 shares @.51 in the past month. From Feb. 16th to Mar. 16th, they bought 45,500 share and sold 59,500 shares. I see one or brokers engaged in shoring activities till April 12th, borrowing shares from their client accounts. Taking the total no. of o/s (46M) into account and knowing a number of shares are tightly held by insiders, I think this is a significant amount of shares being in short that will help boost the sp in the forthcoming runups.

It is expected that Fancamp's 2M financing will be closed on Mon-Wed next week followed by drilling progress updates. If nickel is found in C-1 target area and a substantial portion of the Eagle One ultrabasic intrusive complex (C1 Target) is proven to be located on the Company’s property from assay results, without doubt, there will certainly be a mine in ths area. Noront will increase its mineral reserve from 11.2M tonnes (both indicated and inferred resources) and Fnacamp will become a target for acquisition from Noront or Cliff's Resources. It will happen much quicker than people think of. All these minerals are within proximity.

JMO

Here is the position of broker 1 for :FNC for 3/16/ 2010 to 4/ 16/2010.

Date

Bought

$Value

Ave

Sold

$Value

Ave

Day Net

Position

$Net

$Position

2010-03-16

13,500

5,542

0.41

14,000

5,830

0.42

-500

-500

288

288

2010-03-17

6,000

2,387

0.40

0

6,000

5,500

-2,387

-2,099

2010-03-19

500

210

0.42

1,000

445

0.45

-500

5,000

235

-1,864

2010-03-22

4,500

2,017

0.45

56,500

26,975

0.48

-52,000

-47,000

24,958

23,094

2010-03-23

10,000

4,312

0.43

0

10,000

-37,000

-4,312

18,782

2010-03-24

18,000

7,920

0.44

27,000

12,025

0.45

-9,000

-46,000

4,105

22,887

2010-03-26

4,000

1,755

0.44

0

4,000

-42,000

-1,755

21,132

2010-03-29

0

16,000

6,980

0.44

-16,000

-58,000

6,980

28,112

2010-03-30

5,000

2,250

0.45

51,000

23,000

0.45

-46,000

-104,000

20,750

48,862

2010-03-31

23,000

10,570

0.46

214,000

99,254

0.46

-191,000

-295,000

88,684

137,546

2010-04-01

3,500

1,910

0.55

98,000

52,685

0.54

-94,500

-389,500

50,775

188,321

2010-04-05

7,500

4,080

0.54

62,000

34,555

0.56

-54,500

-444,000

30,475

218,796

2010-04-06

3,000

1,590

0.53

30,000

15,735

0.53

-27,000

-471,000

14,145

232,941

2010-04-07

3,500

1,860

0.53

5,000

2,650

0.53

-1,500

-472,500

790

233,731

2010-04-08

4,000

2,150

0.54

36,000

20,530

0.57

-32,000

-504,500

18,380

252,111

2010-04-09

5,000

2,800

0.56

5,000

2,950

0.59

-504,500

150

252,261

2010-04-12

28,000

16,750

0.60

122,000

69,530

0.57

-94,000

-598,500

52,780

305,041

2010-04-13

0

25,500

14,535

0.57

-25,500

-624,000

14,535

319,576

2010-04-14

2,000

1,165

0.58

3,500

2,030

0.58

-1,500

-625,500

865

320,441

2010-04-16

1,000

570

0.57

0

1,000

-624,500

-570

319,871

Total

142,000

69,838

0.49

766,500

389,709

0.51

-624,500

319,871

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