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: Easement Decision
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Hello All,

So finally something concrete to talk about with the Easement decision.

What's your take on it? What does this mean for Noront? Is it a coincidence that KWG offers to share a mine with Noront now? Maybe they knew this decision was coming so they had that in the works.

Is Cliffs on the sidelines now, if they can not strike a deal with/buyout KWG?

Will KWG rely on Noront now to be the only source of Chromite mine in the ring?

Just some questions that are rattling around in my head.

JDR

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