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: Alan Coutts over 8 minute interview .

"Answer from Coutts was,

"Certainly.. pause,...Noront's focus is the ROF and mineral development in the area.

we'd certainly look at it if they were thinking of selling it."

(I guess who every they are "partnered up with" ...has some serious dough)"

From a purely logical point of view, anyone (present or new) who had their eye on CLF's assets in the ROF, would best serve their own interests by making their move in tandem with Noront.

Noront has an EA due in next 6 weeks or so, has a working relationship with all other parties involved, and a schedule that would see ground being broken by this time next year.

Otherwise, they would have to start from scratch, and that is not likely to happen, at least not in the short term.

Something is going to happen though. There has just been too much publicity over the years for the ONT Gov't to simply throw in the towel. They will respond to CLF's actions, we just don't know how.

A year from now, there are going to be some players here bragging at how they picked up Noront shares at .18.

Best regards

K

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