HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Richard Nemis is not happy with how Noront is being run?ROSEHILL

I was a proud owner of Noront stock prior to Richard being ousted by actions initiated by Rosseau Asset Management. The whole ordeal was quite painful and I felt truly sorry for Richard. With Richard gone Noront became an entity without conscience. In my opinion, Noront is in survival mode . I see no effort to bring value to investors. It’s an all or nothing bet on the ROF funded by ever increasing dilution in shareholder value. I think Richard is justified bashing the current management. Watching your investment diminish over time is probably rubbing Richard the wrong way.

Rosehill

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