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: Response to my request for positive stock drivers

Nothing unexpected yet nice to hear from our CEO:

Bob, thanks for your request and for being a long term share holder. Although the markets are terrible, we are quite happy with the progress on a number of fronts at Noront.

In the last quarter, we finalized the acquisition of the Cliffs properties, obtained our regional exploration permits and received the final terms of reference for our Environmental Assessment process.

We are having very constructive dialogue with the impacted First Nations and have been invited to participate at the regional framework discussion tables.

Next steps are to file the 43-101 report on the chromite assets and to sign MOUs with some of the First Nations to demonstrate progress in the permitting.

Hope this update helps.

Alan

Alan Coutts
President & CEO
Noront Resources Ltd.
416-367-1444

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