Review of Noront’s Eagle’s Nest Project

"In 2007, Noront Resources Inc. discovered the high grade nickel copper PGE deposit in northwestern Ontario in a region now known as the Ring of Fire. Since the initial discovery, Noront has advanced the Eagle¹s Nest Project and in September 2012 released a feasibility study for the development of the Eagle¹s Nest Project. This paper summarizes the results of this recent study and outlines additional work planned in the next stages of project development. INTRODUCTIONThe following paper summarizes the findings of the recently completed feasibility study on Noront Resources Ltd.’s Eagle’s Nest Project. The feasibility study was compiled into a NI 43-101 report by Micon International. This paper is intended to summarize the major technical findings and for complete information, interested parties can find the entire NI 43-101 report at www.norontresources.com or on SEDAR.LOCATIONThe McFaulds Lake project area, which includes the Eagle’s Nest deposit, is located at approximately UTM 5844000 N and 547000 E, and between approximately 52º42’ and 52º50’ N latitude and 86º06’ and 86º24’ W longitude, approximately 250 km west of the community of Attawapiskat on James Bay and 575 km northwest of Timmins. The closest all-season accessible community to the McFaulds Lake project area is Nakina, 300 km to the south, where there is a paved airstrip, in addition to all weather road and railroad access (see Figure 1).The First Nations communities of Webequie and Ogoki/Marten Falls are located 90 km west and 120 km south southeast of McFaulds Lake, respectively. Both communities are served by regularly scheduled air service, primarily from Thunder Bay; both Thunder Bay and Timmins serve as support centres for the James Bay communities and the exploration projects in the area."