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: The surprise will come

I can say Baosteel.. as you know I just have a problem with my spelling.... on the other hand Baosteel has been a 19.9% partner with Noront since May the 2nd and there has been no increase in our S/P up to now.

You would have thought that this would give rise to some interest in Noront from both the public sector and the instituional community... instead our S/P has decreased.

I still think we will have to find more ore bodies or " major bling" to excite the buyers of our stock

As it stands now we are in a precarious position for a take over bid (over $3.50 ) I hope

Dennis

MTFBWY

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