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: Just playing with numbers.

Please don't distort to prove a point. My comments never ever stated anything like 'completely drilled out'. Nor have I ever implied that for the investor, who is not risk adverse, Noront was anything but a 'BUY'.

However the 'market' is backing me up in saying 'show me' and no promises or indications but enough to clearly indicate this is going to the 'ROF' is going to be 'economically viable'.

We're not there yet and until we are closer our share price is under pressure and not in a good way.

'Investors don't understand the Geology of the ROF', well the company geologists aren't coming up trumps lately and they are supposed to!

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