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: FYI

Part of the reason for the low price of Noront (IMHO) is lack of trust in the new BoD. It would be a wonderful gesture on the part of our new CEO if he restored the contract with Agoracom. This would be a good first step in restoring trust/confidence in the new Bod and instilling trust/confidence in the new CEO. It would indicate the new CEO has some independence from the BoD and open up the lines of communication with retail. Of course this first step would have to be followed up with a better news flow than we have had recently. Something credible about Windfall would be nice.

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