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: Quebec’s Plan Nord – Cry for Ontario!

I beg to differ about election results being a material matter for the north. The liberals winning supported strongly by unions is a result that I feared. I believe that the PC with Hudak from rural Fort Erie with his back ground as minister of northern affaires and mining would of been much more positive for us. I cannot imagine Dalton making a big push for northern development when Toronto and Ottawa and other urban centers voted him in.

I hope to eat my words but I see this election as another stick in northern development. Luckily for Noront, they have a mining plan which requires minimal infrastructure and as such, are in a better position than Cliff's which needs infrastructure it big time.

Glorieux

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