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: average price vs current price

Gain any advantage in speeding up assay results by helping to und Act Lab in TBay when they were starting out.



This time line for assays was just posted by RailRoader, and thanks for it.



Answers........

Thank you for your inquiry. Please note that all questions regarding
payments and monies owed to the company including warrants was filed
with our financial documentation and MD&A on December 31st and can be
found on the SEDAR website or at www.norontresources.com

Please note the following:
- funds from the government of Quebec have not yet been received
- Noront's TSX listing cannot be discussed
- Shareholders on the private placement cannot be disclosed unless they
have accumulated 10% or more of the company
- Assay samples take time and they will be made public once they are
received. For your information here is a quick synopsis of how long
it takes for assay samples
a. Get core – 1 day
b. Log core – 1 day
c. Sample core – two days
d. Send to assay lab – one week
e. Await assays – six weeks
f. Check QA/QC data – two days
g. Re-assay if necessary – six weeks
h. Check assays against drill core – five days
i. Re-sample if necessary – two days + one week + six weeks
j. Compile assays – 1 day
k. Do this 10 times – somewhere between 55 days and 110 days
l. Write a press release – two days
m. Send press release around for edits and approvals – three days
n. Release Press release – one hour

if you have any other questions, please don't hesitate to contact the
Investor Relations Department.

Regards,



Investor Relations

Noront Resources

T 416 238 7226
E ir@norontresources.com
W www.norontresources.com

Tks RR

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