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: Dec 15, 2011 MD&A highlights
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Noront's fiscal year (FY) starts May 1 and ends April 30. As such, FY 2012 , ends April 30, 2012. Right now we are in the 3rd Quarter of FY 2012. Noront's 4th Quarter of FY 2012 starts Feb 1, 2012. A company should generally always be referring to there fiscal periods, quarters or years when referring to their activities and we should always interpret that way.

This means that FY 2015 officially starts for Noront in just a bit over 28 months. This is good news because I wont be as old as I thought I would be.

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