<< Symbol: NOT:TSX-V Shares Outstanding: 167,852,109 Fully Diluted: 179,169,260 >> TORONTO, March 19 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT - News) is pleased to announce that the logistics halt which, had been implemented at Koper Lake has ended, effective Friday, March 19 at 8:00 am. Noront will immediately begin the process of flying in fuel, drills and other material to Koper Lake with a view to resuming exploration as soon as possible.
Noront has long recognized that for development to proceed within the Ring of Fire, it will require the cooperation of not only government and industry but the local communities as well, as they will be most significantly impacted in terms of opportunities and development by future activities. While the denial of the use of the Koper Lake ice strip impacted Noront and its activities, Noront has always supported the local communities and believes they must be actively involved in the development of the Ring of Fire.
Noront's President and CEO, Wes Hanson, states: "First and foremost, we are grateful that Chief Moonias and Chief Wabasse have lifted the denial of service action at Koper Lake. We have begun to re-supply at Esker Camp with the intention of resuming our 2010 exploration program as soon as possible. Initially our exploration will focus on continuing to add resources at the Eagle's Nest and Blackbird deposits with additional exploration at AT-12. Time permitting we may also evaluate additional untested targets within our Ring of Fire land holdings to identify potential opportunities for resource growth." Mr. Hanson adds: "While the denial of service delayed our exploration plans, we expect that we will be able to complete our planned exploration program by the end of 2010."
About Noront: Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for 2010. All material information on Noront can be found on the Company's website at http://www.norontresources.com/ or at SEDAR at http://www.sedar.com/
Wesley (Wes) Hanson President & Chief Executive Officer
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