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: Took Another Dip In The Pool

"The "no drilling this summer" comment in anwer to my question " Are you planning continued drilling at AT12".

My understanding is that drilling would be at Eagle 2"

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From our Jan.20 2011 NR.......

The second drill is currently testing strong geophysical targets at the Thunderbird Complex, specifically to the west of and the extension of the Thunderbird iron, titanium, vanadium ("Fe-Ti-V") discovery. As with AT-12, access to this area in the summer months is difficult. The onset of winter conditions allows the Company to drill at Thunderbird at a significantly reduced cost. ....

At AT-12, the Company has initiated deep penetrating surface geophysical surveys that are designed to identify highly conductive mineralization to depths approaching 600 metres. This will be the first time such technology has been utilized by Noront in the Ring of Fire. The objective of the ground based geophysics is to identify potentially buried nickel, copper sulphide mineralization at AT-12.

The Company's geologists and advisors believe that AT-12 is part of a feeder system that is geologically similar to the Eagle's Nest discovery. Previous drilling has intersected significant nickel, copper sulphide mineralization at AT-12. Considering the size and extent of the chromite discoveries to the south of AT-12, the Company believes that the AT-12 feeder system could potentially be much larger than the feeder system at Eagle's Nest. (http://norontresources.com/find/id/55/Qp).

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