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.

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Hi Babjak1....It is on very rare occasion that I can not fully agre with your post.

This is the occasion. It is with extreme reluctance that I must question your

statement " Last Sep 14,2015 in Sedar we find the RCF bridge loan was extended

to Dec. 31,2016 "

First to clear up minor item, that was not a bridge loan but the 15 Million Convertable

loan. The 2 Million bridge loan was retired in early Jan. 2016.

Noront agreed on Sep.14,2015 that it will not sell securities through this prospectus

without the 15 Mill. loan being extended to Dec 31,2016 at the minimum. It was extended

only to June31, 2016. Hence the withdrawal of Shelf Prospectus.Unless you are in

possession of additional Sedar documents, showing extended being Dec 31,2016

that is how i see it. Other than clarity it does NOT change my bullisnes on NOT.

Respecfully,

Fossil