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: Mcfaulds slow down.

Problem isn't what they are doing now but that we have no results on what was done 2 months ago. Bitching about it doesn't help but it's human nature.

Noront said they'd release information as it comes in rather than holding for large batch but we're not getting even dribs or drabs. The news release prior to last seemed to indicate DE2 results where held up as well. Gets confusing to investors when part of the problem assays are released and nothing on the rest relating to drilling at DE2 (done at same time as the DE1 extra holes) aren't released.

Here's hoping it's all worth the wait because after this news we could be waiting a fair time for what comes after.

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