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: Heard from a good source that . What Richard Nemis says!!!!
24
Feb 29, 2008 11:18AM

Let's just say that many on this board have had many discussions with Richard Nemis on the subject of Naysayer whether they be fund managers, brokers or whoever who have attempted to instill doubt in the minds of investors. Let me share with you a question I recently sent to Richard and what his response was: (I only included the actual question and his response)

Question:

From: xxxx [mailto:xxxx@telusplanet.net]
Sent: Tuesday, February 19, 2008 2:16 PM
To: info@norontresources.com
Subject: Questions for Richard

4. Are you able to elaborate with any other information that supports Noront’s strategy that suppresses the many naysayers who are working against us?

Richards Response:

From: Noront Resources [mailto:info@norontresources.com]
Sent: Thursday, February 28, 2008 7:44 AM
To: 'xxxx'
Subject: RE: Questions for Richard

4. Eagle 2 has landed, do we have Eagle 3, Eagle 4, Eagle 5 etc, should this not shut up Naysayers!R. Nemis

Let me be clear that it is always prudent to take profits when the opportunity to presents itself. I am not sure given the tone of his response that now is the best time to do so. Investors are free to do what is best for them as some have already taken their money off the table. It nice to have a choice and I know what my choice will be.

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