from the Aug. 16, 2007 Noront release:

On May 3rd 2007, (previously announced) The Company entered into an option agreement with Condor Diamond Corp. and Greenstone Exploration Company Ltd. (Condor/Greenstone) to acquire two claims consisting of 8 units adjoining the Company's Double Eagle Project. (See Press Release dated May 17th, 2007 for terms) www.norontresources.com

And here's the May 17 PR

Noront Resources Ltd. (“Noront”) announces that it has been advised by Probe Mines

Limited (Probe) of Toronto that it does not plan to proceed this year with further

exploration on the Company’s Double Eagle project located in James Bay Lowlands,

northeastern Ontario and has returned the property to the Company, which now

holds a 100% interest.

The Company further announces that it has entered into an option agreement with

Condor Diamond Corp. and Greenstone Exploration Company Ltd.

(Condor/Greenstone) to acquire two claims consisting of 8 units adjoining the

Company’s Double Eagle project on the following terms:

Subject to all regulatory approvals, Noront has agreed to issue 175,000 shares and

complete, during the calendar year 2007, a minimum of one diamond drill hole to

test several highly rated airborne geophysical targets established on the claim

group and confirmed by ground geophysics after which it will have earned an

undivided 50% interest on the claims, and further have the right during the second

year of the agreement, to earn the balance 50% upon the issuance of a further

225,000 common shares of the Company. Condor/Greenstone shall retain a 1% net

smelter royalty which may be purchased by the Company at any time upon payment

of the sum of $500,000 and/or at the Company’s option, issuance of an equivalent

number of common shares of the Company.

The Double Eagle project consists of 34 claims comprising 533 units encompassing

an area of 8,528 hectares (21,320 acres) in the James Bay Lowlands in northeastern

Ontario adjacent to Spider Resources KWG joint venture where three significant

volcanogenic base metal massive sulphides have been discovered.

The Company is currently budgeting for a diamond drill program to be conducted on

the newly acquired claims this summer as well as perhaps a follow up program

covering the Company’s Double Eagle claims or alternately the Company may seek

a new joint venture partner with one of several parties that have shown an interest

in this large project.