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To: Goose94 who wrote (21903)	8/30/2016 12:23:04 PM
From: Goose94	Respond to of 203026

Memory Makes Money

To: Goose94 who wrote (21903)	8/30/2016 12:24:25 PM
From: Goose94	Respond to of 203026

What’s one more Ring of Fire road study? As the Ontario government sifts through three separate Ring of Fire road proposals, mine and railroad developer KWG Resources has now posted a preliminary plan of its own. The Toronto exploration firm has decided to make public a once-confidential east-west access road study, outlining a permanent road to the Ring of Fire that would link four remote First Nation communities along the way. The 2013 report was prepared by Green Forest Management of Thunder Bay. Their proposed 305-kilometre gravel road begins northeast of Pickle Lake and tracks eastward toward the mineral deposits of the Ring. The projected costs range between $83.6 million to $99.9 million. Annual maintenance costs are pegged between $4.2 million and $6.1 million. Branch roads would connect to the First Nations communities of Eabametoong, Neskantaga, Webequie and Marten Falls at a cost range of between $36.1 million and $73.1 million, depending on the road alignments selected. The annual costs to maintain approximately 200 kilometres of community roads would be between $1.4 million and $2.6 million. "We had this report prepared in 2013 to scope out the most rational options available to supply our railroad construction and address local aspirations," said KWG President Frank Smeenk in an Aug. 26 statement. "While we shared it extensively on a confidential basis, it's very practical approach has not yet found traction, so we thought it timely to make the study public now as we prepare to discuss railroad construction financing options. The road network considered here is a desirable, if not indeed an absolutely necessary first step to opening this area development cornucopia and starting to create quite a few ongoing local jobs throughout the entire region." Publicity-hungry KWG, 30 per cent owners of the Big Daddy chromite deposit, has made waves in striking agreements to conduct a Ring of Fire rail feasibility study for its development partner, China Railway First Survey & Design Institute, and has discussed off-take supply agreements to Chinese customers. The company also hit the social media scene this summer with a racy and viral promotional video showing bikini-wearing models. Among the challenges identified in the Green Forest report was the difficulty of road construction over the northwestern Ontario terrain and in finding sources of road building material and aggregate the closer one gets to the James Bay lowlands. “Aggregate sourcing and importation is expected to be one of the higher cost components,” said the report. The consultants cautioned against using the existing winter road network “unless it is absolutely necessary or unavoidable” since these roads are located in low, wet areas. Green Forest recommends taking the more direct route to the Ring of Fire, maximum the use of high ground and nearby available road building material, and avoid swamp and muskeg as much as possible. KWG said adding more roads to Nibinamik, Kingfisher Lake, and Wunnumin Lake are feasible but required further research. The pressure is building on Queen’s Park and Ottawa to make a joint funding announcement this fall that will fund the development of the infrastructure, expected to get underway in 2018 Other east-west road studies have been filed for the province to review and coalesce into one comprehensive plan to satisfy industry, First Nations and get activity moving in the remote James Bay exploration camp. Noront Resources has tabled its own proposal of a 280-kilometre-long road, following the winter road network, extending east from the provincial highway system at Pickle Lake, while the engineers at Hatch Mott MacDonald prepared a confidential report for the province. Last year, the Ring of Fire communities of Webequie, Eabametoong, Neskantaga and Nibinamik received a combined $732,000 from the federal and provincial governments to conduct a regional community service corridor study. The substance of that report – calling for more study – has been released to select media outlets.

To: Goose94 who wrote (21903)	9/23/2016 10:22:29 AM
From: Goose94	Read Replies (1) \| Respond to of 203026

Noront Resources (NOT-V) Sept 23, '16 is pleased to announce that further to its press release of September 19, 2016 it has closed its short form prospectus offering and has raised gross proceeds of $7,857,780 through the issuance of the units and flow-through units. Noront raised $6,327,792 from the sale of 19,774,350 Units at a price of $0.32 per Unit, with each such Unit consisting of one common share and one common share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of $0.40 per share on or before September 23, 2019. In addition, Noront raised $1,529,989 from the sale of 3,824,972 Flow-Through Units at a price of $0.40 per Flow-Through Unit, with each such Flow-Through Unit consisting of one flow through common share ("FT Share") and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of $0.50 per share on or before September 23, 2019. The FT Shares will be "flow-through" shares pursuant to the Income Tax Act (Canada). Secutor Capital Management Corporation (the "Agent") has acted as agent in connection with the Offering. The Units and Flow-Through Units issued under the Offering were offered by way of a short form prospectus in the provinces of Ontario, British Columbia, Alberta, Manitoba, New Brunswick and Nova Scotia. Copies of the final short form prospectus and documents incorporated therein are available electronically under Noront's issuer profile on SEDAR at www.sedar.com. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 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. www.norontresources.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information please contact: Greg Rieveley greg.rieveley@norontresources.com (416) 367-1444 ext. 117