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: TSX Listing

Page 38 of the following TSX presentation specifies TSX listing requirements for exploration & mining companies.

http://www.tmx.com/en/pdf/Mining_Presentation.pdf

Noront clearly satisfies senior listing requirements from TSX. Once listed, the company will host more investment from mutual fund managers and have access to broader capital pools. Almost all companies with over $250 million market are listed on TSX.

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