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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Goldfinger, I do not believe that there was any change. I do not think that the data from these holes has yet been entered into the NI 43-101 model and the model re-released.

Here's a quote from the bottom of the release, in the standard disclaimer and company background section: "Noront is the largest land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for 2011. "

The NI 43-101 came out last year on April 23rd. Perhaps after a few more months of drilling, we can expect a revised NI 43-101 at roughly the same time this spring, which will incorporate info from all holes completed during this winter's drilling season.

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