Mr Nemis said at the Richmond Meeting that he wants to have as many JV's as possible to cover the entire area.

This will make it easier and more attractive for MAJOR to come in and make a deal for the entire area.

Will make it happen quicker and easier. They will only really need to deal with Noront people. He stated that the JV agreement with each partner will be identical, 50-50 and Noront will retain the rights to be the operator.

Again, he said two are signed and six more are on his desk to be signed. They need Mr Harvey to be back in Toronto and give the OK that the properties in the agreements are in fact the correct properties and not something that NOT already has. In otherwords, they just need to complete their DD.

This is a GOOD THING, JVing is the best for everyone and adds value to the SP.

Get ready for NFL football!!

Regards, RM