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: Apologies

I have wondered why it is taking so long to release Eagle Two results - the lab delivered the analyses to Noront's QA almost two weeks ago. The only possibilities I can think of right now follow; and I will be happy if anyone can contribute another possibility.

1) The number of samples and new visuals involved is so large it is taking time to analyse and put out a press release.

2) RN is holding on to the information so that he can release a large number of results for Eagle Two at once - the big bang theory.



I do not believe the results are negative because:

1) The announced visuals from Eagle Two are very impressive.

2) They are still drilling many many holes at Eagle Two.

3) I believe the TSE would disapprove of Noront holding onto disappointing/bad news.

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