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: Noront Completes Acquisition of Securities of KWG Resources Inc.

The Muketei River runs in to the Attawapiskat river from the north, so the name relates to the ROF region. Certainly a better name than just leaving it as a numbered company.

Perhaps the intention is to separate the chromite interests from the older holdings, in order to finance development more easily.

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