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: FNC....financing news...

Rosedale,

Thank you for your posts today. It is always appreciated to get your perspective on things.

My only concern is that Kevin Feeney seems to have gotten a bad rap from all this and at this point, I do not believe we have enough information to pass judgement. I have talked to him a few times and I have enjoyed my conversations with him. Having him discuss the geology while NN sat back is maybe just a way from management of measuring the man and how much he has learned in a very short time. If any questions were over his head, NN was there to support him. As the CFO of our company, he must be versed in all aspects of the company and since his background is beer and finance, I am happy he has learned enough about geology in such a short time to be able to address an investor's meeting. How good will Kevin Feeney be in the long run for Noront? Only time will tell-lets give him some time.

Cheers,

Glorieux

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