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November 16, 2008

Noront Resources update of drilling

Noront Resources Limited report the following additional drilling results from the AT12 Anomaly site in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.

Diamond drilling continues as 9 holes have been completed to date, one hole abandoned due to flattening and two holes abandoned after 3 unsuccessful attempts to reach bedrock for each holes no. To date with the completion of hole no. NOT 08 2G12, 3665.5 meters including 684.9 meters of overburden drilling has been completed. While several weeks were lost with the unsuccessful attempts to penetrate the difficult overburden, the program is now progressing well by fanning out with multiple holes from drill set ups where the thick overburden can be penetrated.

Assay turnaround time continues to be excessive with assays from NOT 08 2G1 being previously reported and hole no. NOT 08 2G2 reported below. There are samples out from four other holes with assays pending. The 9 holes completed to date have tested the north south striking Airborne AT12 coincident, magnetic conductive airborne anomaly, which continues weakly to the south and abruptly terminates to the north where the overburden thickness increases. Drilling thus far has encountered significant iron copper nickel sulphide mineralization within a Peridotite host rock conduit encased within an older Granodiorite Intrusive similar to the Eagle One geological environment 9.5 kilometer to the southwest. The Peridotite host has not returned any significant sulphide mineralization below 200 meters thus far. The strike length of the occurrence tested to date is approximately 150 meters and core widths of the near vertical MMS dipping sulphide occurrence varies up to a maximum of 46.7 meters. The AT12 mineralized occurrence remains open to the south where future drilling will be carried out as well as fill-in definition drilling for Resource Inventory calculations.