Noront Resources

Poly, do you truely believe that Noront could "Go It Alone" in terms of exploration on their huge land holdings in JBL?

Thus far, Noront has been exploring for over 7 months and we really have not made a dent in terms of the overall land position. If Mr. Nemis deemed that it was not important to accelerate exploration in the area through JV's, he would not have done it. Plain and simple.

Once we get to the critical juncture where a major does take a run at us, exploration in JBL will quicken to a feverish pace (by all players) in an effort to maximize shareholder value.

As per our shareholders rights plan, Richard will have roughly 90 days to ensure maximum value is realized for all of us. Quite frankly, I would prefer to have our army of drills turning instead of what we could muster alone.

Cheers,

Milsy1