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: Mutual fund data

Last weeks fund ownership total was 11,018,667 .

Looking at the numbers today 11,645,567 for a net increase of 626,900 shares.

Here is the data on NOT.

Noront Resources (NOT-X)

1 5
2.5

Average Fund Trading Activity:Hold
(Based on available data)
Fund Trading Activity
New Buys 37.5%
3
Buy 0%
0
Hold 37.5%
3
Sell 25%
2
Closed 0%
0
Mutual Fund Ownership Summary

# of Shares %

Shares Outstanding N/A -
Fund Ownership 11645567 -
Total # of Fund 8 .07

Analysis

The average rating by Canadian mutual funds (where 1 indicates a new buy and 5 indicates a closed position) has been 2.5; which gives an overall rating of Hold.

Top 10 Fund Owners (based on specific company disclosure policies)
Fund Name # of Shares % of Fund Asset Trading Status Globefund Rating Date of Portfolio
Dynamic FocusPlus Resource 6258100 2.24 Hold 2009/12/31
RBC Cdn Equity 1685767 .07 Hold 2009/12/31
RBC Global Resources 1300000 1.06 Buy 2009/12/31
RBC Balanced 1151700 .03 Hold 2009/12/31
AGF Precious Metal 454545 .05 Hold 2006/12/29
Front Street Resource-A 125000 .32 New Buys 2009/12/31
JOV Canadian Equity Class 0 0 Buy 2009/12/31
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