Noront Resources

I sent an email to Alan Coutts asking him what was the Company’s thinking in seeking financing for a drilling campaign when we already had a substantial portfolio of metals. I suggested it would be better not to finance and just work with the government agencies and indigenous people to get the road built to the “Ring”.

His answer is below.

Bob, continued exploration success puts pressure on governments to support the development of infrastructure and keeps the company high profile and active. Also, we’ve found that one of the best ways of advancing relationships with the local First Nations is through employment and training. Around 65% of our workers over the past 9 months are from F/N communities working as drillers, geophysical assistants, line cutters etc. We are trying to add tonnage in and around our existing Ni-Cu project to enhance economics while also pushing on the two other files you mentioned. The last strategic focus is continuing to consolidate the region at low cost while the market is soft. When we get the road, we will be in great shape to benefit from the next bull market.