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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"In Ontario, Noront holds interest, mineral, and exploration rights to 397 claims and 1 mining lease, totaling approximately 89,940 hectares of ground. Of that, 358 claims and 1 mining lease, totaling approximately 84,260 hectares of ground, are located in the “Ring of Fire”. Noront is the largest land holder in the Ring of Fire and has 100% mineral exploration rights to 273 claims of approximately 61,008 hectares, 85% mineral exploration rights to 71 claims of approximately 15,936 hectares, 70% mineral exploration rights to 5 claims of approximately 1,216 hectares, 50% mineral exploration rights to 7 claims of approximately 1,792 hectares, and 45% mineral exploration rights to 2 claims of approximately 208 hectares. Noront also holds 100% mining rights to one mining lease covering 4100 hectares, and of that, Noront has surface rights to 3510 hectares."

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