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: A few ways of looking at size/value of Eagle 1 b and c

Hi Kerry,

If you are going to correct me on the number of holes, at least please have the correct answer yourself. Here is the info as per the 43-101 tech report:

Noront has been drilling continuously since acquiring the Condor claims in May 2007, on which

the Eagle One Deposit is situated. Thirty-five holes were drilled for a total of 5,387 metres on the

Eagle One Deposit, (none of the 11 holes drilled by Probe intersected the Eagle One Deposit).

The holes were named NOT-07-01 through NOT-08-35. Seven (7) drill cross sections were

developed for the resource model on a local grid looking north, on a 25 metre spacing named

from 3525-N to 3675-N. A Gemcom database was provided by Noront containing 29 diamond

drill holes of which 23 were utilized in the resource calculation. The remaining data were not in

the area that was modeled for this resource estimate.

Glorieux

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