The Corporation has agreed to the further condition for sales of Securities through this Prospectus that the maturity of the existing US$15 million loan from Resource Capital Funds be extended to not earlier than December 31, 2016

Thanks Babjak1.............According to above statement Noront coud not agree to further extension of the convertable loan without RCF being willing to do so.

Apparently !5 Million loan is secured even though the Sedar Early Warning Report Pursuant

to National Instrument 62-103 does NOT mention it.

Altogheter the next three to four months are promising to be very interesting time.

GLTA,

Fossil