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: Noront announces a proposed $10.0 million private placement

I would have hoped that Wes would have waited for Feasibility Study and Drill results to do another PP.

With at least the positive news of the feasibility he could have collected at a higher price.

Nonetheless this is a lot of cash to have in the bank.

JDR

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