Feb 18th is the closing, and we are hoping for the blockade to end at this time.I don't think this means anything at all, but maybe it does.I leave it for the board.

This short form prospectus qualifies the distribution of 2,436,364 common shares (the “Offered Shares”) of Noront
Resources Ltd. (“Noront” or the “Corporation”) at a price of $2.75 (the “Issue Price”) per Offered Share (the
“Offering”). The Offered Shares will be issued to certain institutional investors (the “Investors”), pursuant to a
purchase and settlement agreement dated February 1, 2010 entered into between the Corporation and the Investors (the
“Purchase and Settlement Agreement”). No underwriter’s fee will be payable in connection with such distribution.
Noront’s outstanding common shares (the “Common Shares”) are listed and posted for trading on the TSX Venture
Exchange (the “TSXV”) under the symbol “NOT”. The closing price of the Common Shares on the TSXV on January
13, 2010, the last day of trading immediately prior to the announcement of the Offering, was $1.81.
Investing in the Offered Shares is highly speculative and involves significant risks. Prospective purchasers of the
Offered Shares should carefully consider the risks and uncertainties described under the heading “Risk Factors”
and “Cautionary Statement Regarding Forward-Looking Statements” in this short form prospectus.
Price to the Public Net Proceeds to the Corporation(1)
Per Offered Share............................ $2.75 $2.75
Total ................................................ $6,700,001 $6,700,001
Notes:
(1) Amount does not include the deduction of the expenses of the Offering, estimated to be $50,000, which will be paid by Noront out of
the proceeds of this Offering.
The Corporation intends to use the proceeds from the sale of the Offered Shares for general corporate and working
capital purposes and exploration and development activities related to the Corporation’s McFaulds Lake project. See
“Use of Proceeds”. Closing of the Offering is expected to take place on or about February 18, 2010 (the “Closing
Date”), or such other date as may be agreed upon by Noront and the Investors but in any event not later than February
28, 2010.
The Corporation’s head, registered and records office is located at 105 Adelaide Street West, Suite 1100, Toronto,