Release date- 12042016 - TORONTO, ONTARIO - Noront Resources Ltd. (TSX Venture: NOT) announces that payment of interest in the amount of $388,980, for the first quarter of 2016 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. dated February 26, 2013 has been satisfied by delivery of 1,135,708 common shares of the Company at an effective price of $0.3425 per Interest Share.

The Interest Shares were delivered on April 11, 2016 subject to a four month hold period, expiring on August 11, 2016. The calculation of the number of Interest Shares issued was based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to March 31, 2016. After giving effect to the issuance of the Interest Shares there are 278,972,857 common shares of the Company issued and outstanding.

About Noront Resources

Noront Resources Ltd. is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire.

Contact:

Julia Bond

Tel: (416) 367-1444

Email: [email protected]