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: NEWS - Noront Receives Analytical Results Eagle One Deposit - 6.88% nickel, 5.05% copper, 2.53 g/t platinum, 14.07 g/t palladium, 0.39 g/t gold and 15.1 g/t silver over 10.6 metres

Nemis could write this split up himself if he so desired. I doubt for 1 second that FWR and MGR management would make anything difficult for this split. These plays all work together very very closely.

It most certainly would be worth the time for them. At least they seem to think so. Nemis has mentioned that he wants this done as well. He also has said "the sooner the better". He is angrier than we are re the lack of value for the rest of the company. Thats a slap in the face. Here he has the biggest gold strike in Canada in recent history and he gets no value for it? Look at the sp. The ramp is down 150 metres already. i wouldn't be surprised if they didn't have a pile of gold ore up there already.

It hurts to see a company you've built up getting no fair value. So even a buck a share for NORONT, and then they could call the DE zone Nemisville or something like that.

The other is the TSX listing which is also on the agenda. All of these issues were pushed back because of the LAB!...Don



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