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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To the extent that your concerns may relate to the rights of shareholders and the conduct of the upcoming meeting of shareholders of Noront, these matters are primarily regulated by corporate law, rather than securities law. If you believe that your rights as a shareholder have not been respected, we suggest that you consult with a lawyer for guidance in determining what, if any, remedies may be available to you. In general, the rights of aggrieved parties that arise under corporate law are enforced through civil action.

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