Noront signs MOU with Indians for James Bay exploration

Noront Resources Ltd (C:NOT)
Shares Issued 175,633,642
Last Close 6/15/2010 $1.23
Wednesday June 16 2010 - News Release

Mr. Wesley Hanson reports

NORONT SIGNS HISTORICAL EXPLORATION AGREEMENT WITH WEBEQUIE FIRST NATION

Noront Resources Ltd. has signed a historical exploration agreement between the company and the Webequie First Nation (the WFN), a first nations community in the James Bay Lowlands. The exploration agreement deals with the company's exploration activities from Dec. 1, 2009, to the present day, which were conducted on the traditional lands of the WFN.

The exploration agreement includes a memorandum of understanding which sets out protocols for conducting exploration activities on traditional lands of the WFN and reinforces the company's intention to enter into a comprehensive impact benefit agreement in the future. Noront will also be working to sign a similar MOU with the Marten Falls First Nation (the MFFN). The company previously signed a similar historical exploration agreement with the MFFN in April, 2009 (see news in Stockwatch on April 16, 2009).

Wes Hanson, president and chief executive officer, stated: "We are extremely pleased to have signed this agreement with the Webequie First Nation. Noront is committed to corporate social responsibility. We want to ensure the environment in which we work and the people with whom we work are treated with dignity and respect so that they can contribute to our combined future successes. We look forward to playing an important role in the development of the Ring of Fire through continued co-operation among Noront, local first nations, various levels of government and industry."

Chief Cornelius Wabasse, Webequie First Nation, stated: "This is a welcome agreement for the Webequie First Nation. The membership of Webequie First Nation looks forward to a positive and meaningful working relationship with Noront. We are committed to this mutually beneficial partnership with Noront, who is attempting to be as inclusive as possible as they continue their exploration activities. Our agreement recognizes that activities associated with mineral properties will be best achieved when aboriginal and treaty rights are recognized, and the social, environmental and cultural well-being of the first nations are in balance with a company's objective to conduct further work on their mineral properties."

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