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: Re: Noront Resources Announces Closing of Private Placement and Grant of Stock Optio

Closing of this Non -Brokered PP is( the way I read it) in addition to and separate from

Prospectus Offering closed mid March that raised approximately $ 6 Million net.

Most probably to let BaoSteel maintain their ownership percentage in Noront. It

will give NOT just over $ 1 Million net.

Lets hope for the best!!

GLTA,

Fossil

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