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: Re: NORONT AND BAOSTEEL RESOURCES SIGN BINDING TERM SHEET

" Baosteel has also
been granted a 90 day exclusivity period to negotiate a direct property
interest and/or off-take agreement with respect to any of Noront's
properties with such exclusivity period to commence any time prior to
production at Noront's discretion."

What exactly does this mean?

Goldfinger

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