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: Some facts

Thank you again Babjak1, for another fine....find. Yes, a battle did ensue for shares between house 39 and 79 at days end (same traders desk- no doubt). I should point out that the 300K cross trade between 39 and 39 earlier in the day may have been the largest cross trade this stock has ever seen. Orchestrated on a day that overall markets were correcting, very stealthy.... something a soveriegn wealth fund and Hong Kong fund managers might participate in at the most oportune of moments. New shares falling into the hands of those that have more control. The retail investor for the most part has now departed. The Sprotts, McEwen's and Irwin's of Bay Street have lost control of this baby...once the darling of TSX-Venture.......to non-Canadian fund managers.

2 keys points from the TB meeting that should be very postive indicators of more infra news:

1. Cell phone/broadband coverage for the remote North... this is HUGE. You can't do some menial tasks these days without internet access. The road crews will need to be sure that there GPS units are synched, etc. This is a key step in any infrastructure expansion. This will also enable remote students to learn online.....which ties into education and the funds they willl use for....

2. Education and Training of the local workforce. A good head start by the provincials, 45 million is quite the investment. This 3 year outlay of monies for training was announced last year, no? In any case the government seems convinced these people will need jobs in the mining sector....go figure, lol.

Both of these things announced by Gravelle & Co. are stepping stones to future announcements and commitments for the North. Steps 3 & 4 upcoming.

As for the share price being at multi-year lows, lack of news for sure has added to the downward momentum. I am not happy with this action and certainly most longs (those that remain) have been hurt badly. Disemenating any news I can get out of the home office and then posting to this board should not be the primary source of company news. This is where management has failed the retail investors and more than likely rewarded the insiders..........yet again!

Mynot's core position was purchased at .47 cents This is not my average price by any means... let's just say it's much higher than that. My point is that NOT management now has the share price at a level that is insulting to, MY CORE. I will attend and vote against any/all directors of Noront at the next AGM unless they come through with" flying colors", as it were. For now we can only stand by and wait for steps 3 & 4 and the release of any news. Standing by while the market has thrown us on the scrapheap!

Or you could aggressivey be adding to your postitions at this level...... those with the nerve to do so and any with un-moistened powder. Those that don't can always head to the scrapheap themselves and at .60 cents it only takes a trip to your local recycling center with 32 empty cans to return with enough loose change to buy one share of NOT. .60 cents a lb. for aluminum is the going rate around here.

LOL, other aluminum things you can take to recycle besides those empties........wire, siding, roofing, cook pots and pans, sliding doors and windows. Your neighbors ladder, softball bats, golf clubs, engine blocks, etc.

Regards,

mynot

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