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: Brief chat with office...nothing earthshattering

The last winter drilling season was taken from us. Noront had to secure the future FNs issues which were more important at that time. AT 12 needs to be drilled in the frozen conditions as well as many of the most promising locations for mirror Eaglenests. We are a year behind in drilling and our SP reflect that.

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