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: Emailed Wes......

I thought I'd ask Wes what he thought about the RCF buy-in. Here is his answer.

"RCF’s buy is, in my mind, a great thing. RCF are established investors. They have in house technical expertise. They make their investments very carefully. They look for undervalued assets, buy into those assets and assist in adding value through equity and debt financings. They have the capability and desire to support the share price. They want to see Eagle’s Nest advanced towards production, just like myself. I couldn’t be happier that they have bought in to be truthful. They improve the Board, they improve the Company’s cash position. There were no warrants of fees applicable to the deal so all the money raised goes into Noront’s coffers. This was a great deal. "

strato

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