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

"In my opinion, Noront is in survival mode . I see no effort to bring value to investors." Because of a lack of commitment by the natives and governments to development in the ROF, Noront was not able to raise money for any mine development. The only source was for exploration which they are putting to use to try and add more value to their holdings and consequently the investors. However are you suggesting that acquiring Cliff's and MacDonald Mines properties did not bringing value to the investors?? How do you then suggest they bring value to the investors ?

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