Late this afternoon I decided to call the Noront office. A pleasant young lady whose

name I have forgotten answered the telephone. I identified myself as a shareholder

and asked if she could answer a couple of questions. Long story short she did not

engage in conversation but redirected my call to JJ.

I asked JJ when can we expect a news release. As per usual she stated that she could

not be specific but it would be "very soon." I asked if this meant a day, a week, or if it

meant not until December 1st. She intimated that releases would be forthcoming before

December 1st. I asked if she could discuss the nature of the news. She said it could be

a combination of exploration news, & updates re the FWR scenario. She said that she is

not permitted to be more specific than she was.

I stated that my entire lifes savings were not tied up in Noront, but that I was

concerned about the share price. She emphatically replied that there was no "negative

news" from Noront that would impact the share price. She said that it was market

forces. If I possesed the knowledge of The Hoov, or Glorieux I would have engaged her

further on this....... I did ask her pointedly if her "no Negative news" applied to the

pending news as well, and she repeated that there was no negative news from Noront.

I asked her how she viewed the inverse relationship between the FWR and NOT share

price. She was adamant that the FWR share price is presently inflated solely because of

the Noront offer. I sensed tht JJ probably wanted to say more but is going by the book.

She did say that she hoped that the coming news release(s) would make me happy.

This was a congenial conversation and I am really waiting with great anticipation for

good if not great news before December1st.

Pete