Notice of Extension of Comment Period for Terms of Ref.

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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Notice of Extension of Comment Period for Terms of Ref.

posted on Apr 24, 2012 04:13PM

http://www.norontresources.com/Projects/getDocument/NoticeofExtensionofCommentPeriodforTermsofReference-2012-04-05.pdf/194

Near term catalysts:

May 4th. the revised 43-101 on the Chromite at Blackbird is available

Mid May. Assays from winter drilling at AT12 and AT2

We are a bit late with this one....

as per the March 20th release

EAGLE'S NEST PROJECT

The Company is assembling the final costs for the Eagle's Nest Feasibility Study, which is scheduled for release in a few weeks. Analyst consensus pricing for nickel, copper, platinum and palladium have been steadily increasing over the past year which is expected to have a favourable impact on the economics of the project.

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