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: Noront signs historical exploration agreement with Webequie First Nation
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The Exploration Agreement includes a Memorandum of Understanding ("MOU") which sets out protocols for conducting exploration activities on traditional lands of the WFN and reinforces the Company's intention to enter into a comprehensive Impact Benefit Agreement in the future. Noront will also be working to sign a similar MOU with the Marten Falls First Nation (the "MFFN"). The Company previously signed a similar Historical Exploration Agreement with the MFFN in April 2009 (see news release dated April 16, 2009).

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