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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Message: Why the JV's and more to come perhaps???

IMHO I believe Noront is maxed out with all the projects they have on the go these days. I would have to think with Windfall about to commence their ramping, Burnt Hill progressing well and China, Mexico properties looking encouraging that something will have to give sooner than later.

If one of the large Companies comes along with the right price for the Ring of Fire I have a feeling we'll see something happen sooner than later. But, I honestly think we will get full value for our shares and I'm NOT talking anything under $10.00.

I'm thinking we'll still maintain shares in Noront Resources to pursue these other projects. IMHO

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