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: Just talked to Richard Nemis

Just talked to Richard Nemis

posted on Mar 26, 2008 12:51PM

Richard was not available for most of the day today. When I did get a chance to talk to him he was in a very good mood.

Here is a resume of the conversation:

No timing on Ni 43-101, it will be done when it is done

Drills are currently on DE2 and on DE3. A third drill is on site waiting to be deployed.

They are doing every geophysics test possible on the anomaly directly to the south of Eagle 1, that is 100% on Noront property, not on the shared border with FNC. He called this "anomaly 1". I found it interesting that the anomaly to the south west has been named DE3 but that this anomaly, which has been drilled has not yet received the "title" of DE4. The fact that he kept reffering to DE3 as that when talking about drilling there drove the point home that they have hit there already. If they had not hit there, they would not name it that. They would reserve that "title" to the 3rd anomaly drilled that showed significant mineralization. So I believe that we now have 3 deposits.

No discussion of assays...they will be discussed on the next news release that will be here on...of course he did not say.

It is a great time to be Noront and I fully expect a NR very soon and there will be news of DE3 on that NR IMHO.

Warmest regards to all NOT longs,

Glorieux

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