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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"My understanding from what JJ has been quoted as saying is that the "move to the big board" is on the back burner for now. Noront has other priorities today. While I hope that the move will happen eventually, I will have to trust the BoD to have a better view of the strategic timing of such a move (closer to the time when the company needs to raise the capital to finance mining activities?)."

I suspect a bit more. Capital to aquire some other plays in the Ring. Being on the Toronto Exchange and necessitating approvals from shareholders would cramp the style of Bof D.

I trust them to be doing the right thing even if at many times it looks not too pleasing to me and many here.

Have faith, these guys have a scoundrels streak in them. Cheers.

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