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: Quite frankly...

The longer Noront shares trade at current levels the more I'm inclined to believe FNC's release will be neutral for us, at best.

Somebody always finds out at least a bit about news prior to it's release and the share trading action yesterday and today indicates somebody lightening up on their Noront holdings before news.

If news was going to be great one would expect a run up of Noront share price yesterday and certainly today. Find out soon but pessimistic for now.

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