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: Must be Nice...... $0.34/share at date of announcement
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Noront Resources Issues Stock Based Compensation

TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) announced today that the Noront Board of Directors has granted 500,998 restricted stock units (RSUs) convertible into common shares of the Company six months from the date of grant, being October 8, 2021.

The Board has also granted options to acquire an aggregate of 6,917,323 common shares of the Company to certain Directors, Officers, Management and Special Advisors of the Company with 4,760,039 of these options vesting immediately and 2,157,284 of these options vesting over two years. These options have an exercise price of $0.24 per share, being the closing market price on the date of grant, and are exercisable for a period of five years.

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