Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce that it is now in receipt of an Exploration Permit in the name of Noront's wholly owned China subsidiary BaoTou Noront Mineral Development Co. Ltd. covering its acquisition of a 100% interest in the China One Copper/Gold Project located in Inner Mongolia in the Peoples Republic of China.

Noront is further pleased to announce that it has an agreement in principle with certain private individuals herein referred to as the "China Group" wherein the China Group has been granted an option to earn a 50% interest in Noront's China One Copper/Gold Project. The option to earn the 50% interest in the Project calls for a non refundable cash payment of $90,000 US and which payment Noront has received. Subject to the approval of Noront, the China Group intends to transfer their rights to a publicly traded vehicle, trading and in good standing on a recognized stock exchange in North America (hereinafter referred to as the "Transferee"), within 30 days from the date of the agreement. The option agreement further calls for expenditures on the project totalling $750,000 US to be expended by February 1, 2009, $250,000 of which is to be expended on or before February 1, 2007. The China Group have also agreed that upon the transfer of the option arrangements, to deliver to Noront 300,000 common shares of the Transferee and a further 250,000 common shares on each of the second and third anniversary of the option agreement, subject to all regulatory authority approvals.

Noront's management has had a long history of dealings in China and as a result had an opportunity to visit the China One Project a number of years ago. During the site visit, several representative "grab" samples were selected by management from two very old exploration pits and the samples were personally delivered to a Canadian Analytical Laboratory for analysis. SGS Canada Inc. Mineral Services located in Toronto, Ontario completed the analysis. Uldis Abolins, P.Eng. (a director and officer of Noront) maintained custody of the selected samples from the field site to the Laboratory. Samples were received by this lab, and underwent initial sample preparation. The analytical methodology used was 32 element ICP70 analysis for all samples, plus FA305 ICP analysis for gold. All overlimit samples (samples that had an initial assay greater than 2 g/t gold) were reanalysed using FA30G a 30 gram fire assay with ICP finish, used to determine the value of higher grade (greater than 2 g/t) assays. The assays returned values of 1715.8 gms per metric ton gold (visible gold was observed) and 11.9 gms per ton gold respectively and both samples also returned copper in excess of 1%. The mineralization occurs as malachite in a quartz vein breccia structure hosted in an altered granitic rock. In addition, fragments of quartz mineralized with malachite are scattered in overburden over an area of 1800 feet by 820 feet.

The exploration program will commence as soon as possible after completion of the transfer and the approval from all regulatory authorities.