The Exploration Agreement includes a Memorandum of Understanding ("MOU") which sets out protocols for conducting exploration activities on traditional lands of the WFN and reinforces the Company's intention to enter into a comprehensive Impact Benefit Agreement in the future. Noront will also be working to sign a similar MOU with the Marten Falls First Nation (the "MFFN"). The Company previously signed a similar Historical Exploration Agreement with the MFFN in April 2009 (see news release dated April 16, 2009).