Noront comments

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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jacki79

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Noront comments

posted on May 17, 2009 08:32AM

Hi NOT friends,

Along with many of you, I was perplexed by the extraordinary volume in NOT shares traded. I thought I would pass along my email exchange with IR.

Have a happy Sunday.

Jacki

====================================...

Dear Jacki,

Thank you for your inquiries. Please note the following:

We are aware that there has been an unusual and extraordinary amount of shares traded within the past few days. We do not know the cause of this, as there was no news to report from the company before or during this period of trading.

Noront was contacted by the TSX and our answer (as above) was satisfactory to the Exchange. The TSX did not halt the stock, nor were we asked to issue a press release.

Regarding the joint venture press release: The White Pines press release was disseminated by WP, it is their interpretation of visuals. As the operator of the JV they are exercising their right to release a press release with all of the joint-venture partners' names attached to it, as a courtesy, they contacted us before the release. As you know, it is Noront's policy not to report on visuals but rather to report on assayed and material information. This should not be taken as negative, but merely as policy.

As Mr. Hamilton discussed during the Retail Update Luncheon, there are a number of holes which are presently being assayed and will be released in the near future. As for discussions, please note that we do not disclose, discuss or confirm our actions, terms or potential discussions with other parties.

Jacki, I hope that I have answered your questions and that you are satisfied, if you need to discuss any of the above, please feel free to contact me at any time at the coordinates listed below.

Regards,

Joanne C. Jobin

Investor Relations & Corporate Communications

NORONT Resources Ltd

T 416 238 7226

F 905 643 8876

From: Jackij79@aol.com [Jackij79@aol.com]
Sent: May 15, 2009 2:38 PM
To: Investor Relations
Cc: Jackij79@aol.com
Subject: Unusual volume in NOT trading....

Hello Mr. Parisotto and Mr.Hamilton,

In the last several days there has been extraordinary volume in NOT shares traded. (Over l3 million I believe). Frankly, I expected that the TSX would halt trading, but no....

Also, yesterday WPR announced positive news re their drilling. Since they are a JV with NOT I expected NOT to follow with a positive news release, but no...

Isn't an immediate press release to retail shareholders appropriate? If delicate talks are ongoing and it's not appropriate to share specific news with us at this time, please at least tell us this.

I remind you of comments in your recent email:

" We expect that we will have further discoveries to report on in the near future and hopefully these discoveries will affect our share price in a positive manner.

We're waiting....

Thanks,

JackiJ....

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