Here is the response to the questions I sent into investor relations.

I would like to get some information with regards to the following.
>
> 1)Outstanding warrants to be exercised closed on the 20 December.
> How much money if any did we receive?
>
> 2)The Oct 21 news release concerning Windfall outlined,
>
> "The total cost of the underground exploration program to date has cost
> approximately $12.5 mil. which is well within budget. The program was
> financed
> in advance by a $15.0 mil. flow through private placement in December, 2006
> through the efforts of IBK Capital, the Company's financial advisors.
>
> The company is indebted to the Province of Quebec, as through the
> latter's very
> effective exploration rebate program, approximately 35 percent of the total
> underground costs is being returned to the Company for more exploration and
> future benefits to our shareholders.
>
> All assays for samples taken from the W-3 zone todate are pending from the
> independent analytical laboratories."
>
> A)Have we received any payment from the Quebec Government?If so how much?
>
> B)If we have not received any payment, when can we expect to receive this
> payment?
>
> C)We have been waiting approximately 13-14 weeks(minimum) for the
> results from
> assays, for the W-3 zone. In your broadcast of Dec 16, you stated 6-8
> weeks is
> the normal time to receive assays.When can we expect to receive these
> results?
>
> 3)The December 04 news release indicated that we received approximately $19
> million through the PP.Would you please advise me who the main subscribers to
> this PP were.
>
> 4)TSX Listing, I realize you cannot tell me how this is going,
> however could you
> please advise me if this is still being considered?

------------------------------------...

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