Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Just talked to the office

Noront Resources

over 16 years ago

Well RN is in a meeting with NN at least, possibly others. John Harvey was on another line...I personally think these guys are too excited by what they are findind and planning further drilling to be concerned about the SP at this point. If they were thinking of cashing in soon, they might be concerned, but I do not think any of them is thinking about selling right now. If anything, they may be thinking of those selling and feeling sympathy and questioning that the NR was not descriptive enough for us to hold on to our shares. A little bird told me they had to modify their original NR as per the SEC to tone it down and they are not happy they had to do this but they had no choice. The whole picture will come out at some point and we will be all very happy we held our shares.

Cheers,

Glorieux