Further to its appointment of JPMorgan Securities Inc. and IBK Capital Corp. as its financial advisors last year, Noront is continuing to identify companies who may be interested in becoming a strategic partner with Noront to assist it in developing its Double Eagle project.

Noront is currently in preliminary discussions with a number of such candidates. There can be no assurance that such discussions will continue or will result in the successful conclusion of a transaction involving Noront and any other person.