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: Re: Just some thoughts.. though you might not like them.....

Add to this mix the fact that the current PR people are the same ones that where working to solicit retail investors during the proxy fight. Agracom was the venue used to drum up support for Dick Nemis and that has a lot to do with 'hard feelings'.

This is very much an 'investors' forum as opposed to a 'Management' forum and has far more value for us than for them. Yes I don't like the 'them' and 'us' tag and feel that with some work and good intentions on the part of Noront Management this could be moderated if never totally removed.

What 'Noront' seems to miss completely is that this forum is on the whole positive in it's outlook for Noront's eventual success. Sure there are 'brickbats' and frankly Management should take note of them because this reflect in large part what analysts and the market in general is thinking.

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