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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In less then one hour 700,000 options with an exercise price of $ 1.84 will expire.

Of those:

Darren Blasutti's...................100,000

Paul Parisotto's......................100,000

Paul Semple's........................500,000

Another 100,000 Options exercisable @ $2.15 have vanished in thin air.

Since Canadian Insider did not show them expiring, they must have been

forfeited by an EX Employee/Director of Noront prior to expiration time.

GLTA,

Fossil

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