TORONTO, ON--(Marketwired - July 13, 2015) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that payment of interest in the amount of $372,090, for the second quarter of 2015 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. ("RCF") dated February 26, 2013 (the "Loan Agreement"), has been satisfied by delivery of 811,007 common shares of the Company (the "Interest Shares") at an effective price of $0.4588 per Interest Share. The Interest Shares were delivered on July 10, 2015 subject to a four month hold period, expiring on November 11, 2015.

The calculation of the number of Interest Shares issued was based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to June 30, 2015.

The Company also announces that the payment of an establishment fee of 2% of the principal amount of a bridge loan facility entered into between Noront and RCF dated June 3,2015, (the "Facility"), was satisfied by delivery of 101,852 common shares of the Company (the "Establishment Fee Shares") at an effective price of $0.4871 per Establishment Fee Share. The Establishment Fee shares were delivered on July 10, 2015 subject to a four month hold period, expiring on November 11, 2015.

After giving effect to the issuance of the Interest Shares and Establishment Fee Shares, there are 242,650,477 common shares of the Company issued and outstanding.

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