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: Volume history

Volumes have been pathetic lately and Noront has a very cyclical volume history. It seems we never go much longer than 20 trading days without a big volume day (1 mil plus). And 9 times out of 10 on these big volume days we get a move to the upside. I think we are overdue for a nice snap-back. IMHO.

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