Shares Outstanding: 175,633,642
Fully Diluted: 187,075,793
TORONTO, Aug. 13 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that we have partnered with Ontario's Ministry of Aboriginal Affairs and Ministry of Northern Development, Mines & Forestry, to sponsor the PDAC Mining Matters Aboriginal Youth Outreach Summer Camp in the First Nation communities of Webequie and Marten Falls.
The two week-long camps begin on August 16th in Webequie and on August 24th in Marten Falls. The Mining Matters Aboriginal outreach program introduces 60 Aboriginal youth, ranging from ages nine to nineteen, to a wide range of practical geological and mineral exploration activities including prospecting, claim staking, mapping, the use of GPS technology and the application of environmental geochemistry. Mining Matters also highlights the array of job opportunities available in the minerals industry.
Leanne Hall, Vice President Human Resources, Noront Resources Ltd. notes: "Introducing the youth of these First Nation communities to rocks, minerals and geology in a fun, educational camp setting is an honour. These young people are our future, and there is no time like the present to invest in their learning of our great mining industry."
The importance of the traditional role of Aboriginal peoples in land and resources management is gaining recognition among the various resource industries in Canada. We have the opportunity to build on this recognition especially as the Aboriginal youth in the northern populations reach work force age.
Mining Matters is well aware that many Aboriginal communities are close to Canada's mineral exploration and mine sites. Programming is developed with special attention to the local geology of the camp location and utilizes local mentors who work in the minerals industry. Raising the students' awareness of the minerals industry and its importance in our everyday lives is critical to encouraging post secondary interest in geology and Earth science courses of study.
The program teaches the students about our abundant natural resources with an emphasis on the environment, new technology and sustainable development.
"PDAC Mining Matters is committed to building on existing education and training initiatives as well as developing new programs to engage Aboriginal youth and develop an interest in the minerals industry. We understand that building new, and strengthening existing partnerships with First Nations, industry and educational partners is critical to designing and delivering effective programs." notes Patricia Dillon, President PDAC Mining Matters.
For more information contact: Leanne Hall, Vice President, Human Resources, Noront Resources Ltd.
105 Adelaide Street West, Ste. 1100 Toronto, Ontario M5H 1P9 T. 416 367 1444 ext 110
Also, please note that the 250,000 options disclosed in press release dated August 9th 2010, have a 5-year expiry period.
About PDAC Mining Matters
Prospectors and Developers Association of Canada Mining Matters (PDACMM) is a registered charitable organization dedicated to mineral resource education. It was established in 1997 and works to educate students about Canada's geology and mineral resource endowment and promote awareness of the importance of rocks, metals, minerals and mining through the dissemination of information and the development and distribution of educational programs and material.
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 www.norontresources.com or at SEDAR at www.sedar.com
Wesley (Wes) Hanson
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE NORONT RESOURCES LTD.
For further information: For further information: Wes Hanson, President and CEO, at (416) 367-1444, or visit Noront's website at: http://www.norontresources.com