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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Noront has all supplies on site and will not be affected by any blockade, also revised 43-101 filing with SEDAR within 45 days.

AT-12 and AT-4 are the current targets. Looking good.

Have a great weekend, RM

Micon is currently in the process of completing a NI 43-101 compliant Technical Report supporting the estimate disclosed herein which will be filed with SEDAR and made available on the Company's website within 45 days of the date hereof.

This resource estimate reported in this press release includes the Eagle's Nest Deposit and the newly reported East Zone. Micon is in the process of compiling a resource estimate for the Eagle Two deposit.

The Company is currently drilling targets identified at AT-12 and AT-4 and will report results from these programs when available. The Company has all essential supplies on site to continue exploration through until the end of May.

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