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: '' NEW VISION ''

The staff and infrastructure required for nickel or other mines in the James Bay area is going to require participation by a major mining company. Juniors will sell out when they get to the stage that a major is willing to pay what they want. Even with roads and infrastructure it's hard to see a lot of mining companies with separate operations.

Noront is in an enviable situation because they have extensive claims over a wide area so would likely sell only part and continue to explore both on their own or with jv partners after selling out defined deposits.

I think Noront intends to put Windfall into production and become a gold producer. The kind of operation much easier to manage and control. With the cash available after selling out part of the 'ROF' Noront could become a good side producer and expand from this start.

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