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: Whatever "promo machine"

nylusiak, I personally can rationalize a few reasons why the "promo machine" has changed.

Initially when Noront made their JBL discovery last year, they did what all junior exploration companies should do by cranking up the promo to get the word out to as big an audience as possible. They did a great job as per the volumes and share price appreciation last fall. Having said that, certain aspects of the promo machine can also hurt the company (not to mention retail investors who got caught up in the hype and are still waiting for their holdings to turn green). Remember last fall, Richard's comment that he could do a PP at $10.00?

At this time, management of Noront and their associates are more patient than many here and for good reason. They know what they have and are revealing as they deem fit. I will take a steady stream of good news (how much bad news have we had?) week in and week out.

At present, we have members of our management team on the west coast promoting Noront, telling our story. When the time is right, these promotional efforts will pay us all dividends.

Also, you have to remember that we are in the summer doldrums with commodities and Jr's out of favour. Give it another 6 weeks and we should be turning the corner.

Finally, we all know that Noront is on the radar of many and the best promotional tool that we have are our drills singing. All that it will take is the right song to come from one of those drills. When that happens, I think we will all be pleasantly suprised.

Cheers,



Milsy1



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