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: Thomas J. Obradovich, Director

well, since Thomas didn't get in as a director of Noront....he at least is now a director ..close to Noront in the Ring of Fire.

Mr. Obradovich joined the Anglo Swiss board in 2009

Thomas J. Obradovich, Director

Mr. Obradovich joined the Anglo Swiss board in 2009. He is a graduate of the Haileybury School of Mines in Mining Technology and Advanced Field Geophysics. He has a wide range of experience in mining, exploration, development and financing. He co-founded Canadian Royalties Inc., and was one of the key players behind Aurelian Resources Inc., which discovered the Fruta Del Norte gold deposit in Ecuador that was later acquired by Kinross for $1.2 billion. He currently operates a private exploration company known as Canadian Continental Exploration Corp.

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The following seven individuals (the "Rosseau Nominees") will be proposed by Rosseau for election as directors of Noront at the Meeting:

- Patrick F.N. Anderson (President and Chief Executive Officer, Aurelian Resources Inc.);

- Bruce Durham (Independent Mining Executive; Executive Chairman, Temex Resources Corp.);

- Joseph A. Hamilton (President, Pickax International Corporation);

- Warren B. Irwin (President and Chief Investment Officer, Rosseau Asset Management Ltd.);

- Keith McKay (Chief Financial Officer, Aurelian Resources Inc.);

- Thomas Obradovich (Independent Mining Executive; Chairman, Independent Nickel Corp.); and

- Michael D. Woollcombe (Partner, Voorheis & Co. LLP).

Rosseau is soliciting proxies from holders of Noront common shares to vote FOR the Rosseau Nominees and not in favour of the nominees being proposed by Noront's management

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