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: Coutts meeting with Dev. Corp.

Snippet from an article dated Nov. 21. So that means Coutts is in Toronto this week educating the Dev. Corp.

----Meanwhile, Noront Resources says it's following the situation with its Eagle's Nest project ready to go. Its biggest issue is getting permitting from the province in order to start working.

The company has designed and costed its proposed 280 kilometre, $500 million East-West road. It's also the only company that has a completed and submitted three-year environmental assessment.

The road was designed in consultation with trappers and elders in the area. CEO and president Alan Coutts said the company still hasn't heard back from the province and thinks it's because the province wants to get its framework agreement with Matawa Tribal Council completed first.

On Goncalves' comments Coutts said maybe he's right that the conditions aren't good right now to start mining chromite. But Noront has nickel, copper and platinum, which is completely different. If Noront could start producing, it could be a catalyst for other projects in the future. Getting the permits means work could begin and financing could be figured out later.

Coutts is presenting the project to the province's Ring of Fire development corporation in Toronto next week.----

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