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 Resources Provides Update On Exploration Activity and Recent Court Decisi

NEXT STAGE EXPLORATION

Following the successful Gradient IP surveys, Noront began executing low frequency UTEM 5 surveys over the AT-5 and Blue Jay target areas. This process refines targeting to highly conductive massive sulphide targets between surface and approximately 450 metres depth. This round of UTEM 5 surveying will be complete in mid-March when, depending on the results and subject to financing, it will be followed with diamond drill testing. Drilling originally scheduled for late January has been re-scheduled to coincide with the completion of this round of UTEM surveying.

"This is a systematic screening followed by the use of industry-leading technology in the identification of nickel sulphide anomalies," said Steve Flewelling, Noront's Senior Vice President of Mining and Projects. "We believe the footwall contact that we are surveying has the potential to host a number of deposits similar in quality to Eagle's Nest."

How much fun would 3 or more deposits similar in quality AND size be?

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