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: Assay turn-around time

I seem to remember NOT making an investment in the lab in Thunder Bay somewhere in the order of $200,000. This investment was for an expansion or new equipment which would assist Noront in getting timely assays. I am not sure I agree that games are being played with the release of information. Noront is no doubt getting assays as quickly as possible but the assembling of the information that would gives an indication of how the holes relate to one another, essentially providing an insight on the size of the orebodies is a something the company would have some sort of fiduciary duty or responsibility to not be misleading. I think NOT has its investors suitably aware of E1A with the 43-101. They released visuals on BH49 due to the significance of the mineralization lengths. They have released assays on this hole so investors know there is something substantial under E1A. The problem now is they have to put some X-Y dimensions down below and not mislead anyone. If they have 8 holes drilled, they should have an idea of these rough dimensions but the if 49 had 400m of mineralization in B and C, there is potentially (hopefully) a couple of kilometers of mineralization in those holes. I would have them release the visuals because I desparately want to know. However, if the grades are stellar, everybodies happy, if the grades are poor, people get burned and the investigations start. It is a fine line. Meanwhile, insiders get an opportunity to load up and we wait.

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