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: EAG shares?
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Dear Julia,

According to above NR Noront got from Eagle Hill 25 Million shares, 1.25 of which ( 5%) was paid to IBK Capital inc so that would still leave 23.75 Million share owned by Noront.

Yet today's NR shows Noront selling REMAINING 13.75 Million shares to a third party. Explanation will be greatly appreciated.

At last. Just got off the phone speaking with Gregory Rievely CFO of Noront. He thanked me for

the question regarding last NR , they did in fact sell a block of 10,ooo,ooo shares of EAG for $0.12.

They did not feel it was material info and was not reported. It will be reported in future NR.

When I asked if I can freely share that info he said by all means .

He was cordial and pleasant to talk to .

GLTA,

Fossil

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