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: Re: An Update - Telephone Conversation with Novak

When Noront receives Assays, they have to release the info in a timely manner. However, when they get visuals of Anomaly 2, do they have to issue a NR? BMK said they would not release visuals as they can be misleading. Any thoughts on this? Can they hold the visuals to a time of there liking, as in when RN is back? The next NR could and should be very significant. It could contain assays up to hole 30 that have not been released yet, the rhodium assays, visuals on anomaly 2, a step out of DE1 visual, update on 43-101...there is a lot of news to come in the next very short while. It will be interesting how the market reacts to this news judging from previous experience.

Any opinion welcome in regards to visuals and NR timing

Gl.

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