Noront Resources reports remaining assays on Eagle's Nest deposit

    
    Symbol:               NOT:TSX-V
    Shares Outstanding:   163,631,957
    Fully Diluted:        173,461,957
    

TORONTO, Dec. 1 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to report the remaining and updated platinum and palladium assay results from hole NOT-09-068-W1, from the press release dated November 19, 2009. Note that all updated assays are in reported in bold. Newly obtained assay results of completed drill holes from the Company's Eagle's Nest deposit at the McFaulds Lake Property located within the Ring of Fire mineral district, are from the ongoing drill program, which continues to expand and define the extents of the mineralization at Eagle's Nest.

Five holes intersecting the Eagle's Nest mineralization are being reported herein. All five of the holes exhibit significant assay results including intersections of massive mineralization. The Company notes that Hole NOT-09-070-W1 intersected unusually high platinum grades within the massive sulphide mineralization.

    
    ASSAY HIGHLIGHTS:
    -----------------
    -   Hole No. NOT-09-070-W1 intersected 22.8 metres averaging 4.41% Ni,
        2.38% Cu, 28.07gpt Pt and 7.95gpt Pd
        -  Including 8.4 metres averaging 1.19% Ni, 1.46% Cu, 68.78gpt Pt and
           7.55gpt Pd
        -  Also including 8.0 metres averaging 7.41% Ni, 2.19% Cu, 0.18gpt Pt
           and 9.33gpt Pd
    -   Hole No. NOT-09-068-W1 intersected 135.2 metres averaging 1.65% Ni,
        0.8% Cu, 1.03gpt Pt and 3.24gpt Pd
    -   Hole No. NOT-09-064 intersected 53.1 metres averaging 1.94% Ni,
        0.95% Cu, 0.60gpt Pt and 3.85gpt Pd
        -  Including 13.2 metres averaging 4.98% Ni, 1.92% Cu, 0.07gpt Pt and
           6.71gpt Pd
    

Drilling results continue to expand the size of the Eagle's Nest deposit and have definitively filled in all remaining gaps along the vertical length defining the mineralization to a depth of below 1,000 metres. Hole NOT-09-068-W1 was targeted to completely fill in the gap between what were formerly known as the B and C lenses at Eagle's Nest. In addition, hole NOT-09-070-W1 intersected significant massive mineralization including the highest platinum grades encountered to date at Eagle's Nest. The massive sulphide zone is taking shape and is close to being defined along the down-dip length of the deposit.

Wes Hanson, Noront's CEO states; "We continue to aggressively expand the resource potential at Eagle's Nest. We strongly believe that we have delivered on our stated target of tripling the Eagle One resource. Our drilling has established that the Eagle's Nest deposit is continuous from surface to depths below 1,000 meters and the mineralization over most of that distance remains open along strike as well as at depth. Our geological team currently estimates between 10 and 15 million tonnes of mineralized material at Eagle's Nest averaging approximately 2.0% nickel, 1.0% copper, 1-2 grams per tonne platinum and 3-5 grams per tonne palladium, consistent with the grades estimated in the existing 43-101 Resource Estimate for Eagle One. More importantly, the geometry of the deposit is ideally suited for underground mining which eliminates the need for expensive dikes and surface dewatering systems inherent to any open pit mining in this region of Canada." Mr. Hanson further stated; "We will be inviting qualified, independent engineering firms to bid on updating the Eagle's Nest resource estimate and plan to award this work by January, 2010."

As required by NI 43-101, the reader is cautioned that:

    
    -   the potential quantity and grade noted in the paragraph above is
        conceptual in nature
    -   there has been, as of this date, insufficient exploration to define a
        mineral resource, hence it's disclosure as mineralized material
    -   it is uncertain, at this time, if further exploration will result in
        discovery of a mineral resource.

    The following table summarizes the results of the five holes disclosed
herein:

    -------------------------------------------------------------------------
                        FROM    TO   INT.  MINERALIZATION  NI   CU  Pt   Pd
    HOLE ID              (m)    (m)   (m)  TYPE            %    %   g/t  g/t
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    NOT-09-053-W5       933.0 1020.6  87.6 Net Textured/ 1.83 1.84  1.44  4.2
                                           Massive
    -------------------------------------------------------------------------
                       Note NOT-09-053-W5 ended in mineralization,
                       reached drill depth capacity
    -------------------------------------------------------------------------
    NOT-09-053-W6       727.9  785.0  57.1 Net Textured/ 1.89 0.85  1.06 4.54
                                           Massive
    -------------------------------------------------------------------------
    NOT-09-064         1079.3 1132.5  53.1 Net Textured/ 1.94 0.95  0.60 3.85
                                           Massive
    -------------------------------------------------------------------------
    Including          1104.5 1117.7  13.2 Massive       4.98 1.92  0.07 6.71
    -------------------------------------------------------------------------
    NOT-09-068-W1       683.0  818.2 135.2 Net Textured  1.65 0.80  1.03 3.24
    -------------------------------------------------------------------------
    NOT-09-070-W1       607.6  630.4  22.8 Massive       4.41 2.38 28.07 7.95
    -------------------------------------------------------------------------
    Including           607.6  613.3   5.7 Massive       5.78 4.42 37.87 8.26
    -------------------------------------------------------------------------
    Also including      612.8  621.2   8.4 Massive       1.19 1.46 68.78 7.55
    -------------------------------------------------------------------------
    Also including      622.4  630.4   8.0 Massive       7.41 2.19  0.18 9.33
    -------------------------------------------------------------------------
    

The mineralized intervals do not represent true widths, which cannot be determined at this time. Due to extremely high platinum results encountered in hole NOT-09-070-W1 these samples are being re-run, although the results did pass Quality Control protocols. Previously missing platinum and palladium results in hole NOT-09-068-W1 have been included in this updated release. Hole NOT-09-070 encountered drilling problems prior to intersecting the mineralization and was stopped with the target intersected by wedging with hole NOT-09-070-W1.

Please refer to Noront's website to view an updated surface plan (please view http://norontresources.com/find/id/28/xv showing the location of the drill hole collars and a horizontal trace of their paths.

Also on the Noront website is an updated longitudinal section (please view http://norontresources.com/find/id/29/nk showing the pierce points and traces of the mineralized intersections through the Eagle's Nest and the projected outline of the mineralization zones.

Jeremy Niemi, Noront's Vice President, Geology notes; "We are very encouraged by having confirmed that the Eagle's Nest is in fact a single continuous zone from surface down to below 1,000 metres. Along with expanding the limits along strike and at depth we are also specifically targeting the massive mineralization, which is showing indications of being a single, consistent zone with a predictable orientation. Exciting times for the Noront exploration team."

For further information on the McFaulds Lake property, please refer to the Company's NI 43-101 - Standards of Disclosure for Mineral Projects compliant technical report "Technical Report and Preliminary Economic Assessment on the Eagle One Deposit, Double Eagle Property, McFaulds Lake Area, James Bay Lowlands, Ontario" (effective: October 20, 2008) available on the Company's website and at www.sedar.com.

    
    AT 12 Update:
    -------------
    

Drilling at AT12 is proceeding as planned and results will be reported in the coming weeks, as they are available from the lab and approved by Noront's quality control manager.

QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program has been in effect for the Eagle's Nest project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field and pulp duplicates also form part of the quality control program. It can be said with confidence that all assays are reported in this Press Release have passed the strict quality control guidelines as set out by Noront's independent Qualified Person.

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digestion and by ICP analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabsint.com.

Preparation of drilling results in this press release has been supervised by Noront's senior management including Jeremy Niemi, P.Geo. Vice President, Geology, who is a Qualified Person under Canadian Securities Administrators guidelines. At the current stage of exploration there is insufficient drilling to determine the extent of continuity of the mineralization required to define a mineral resource for all mineralization at the Eagle's Nest. Noront anticipates delivering an updated mineral resource in second half of 2010.

About Noront:

Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite vanadium and gold 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 the remainder of 2009 and 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
                                                     Chief Executive Officer

    Freewest Offer
    --------------
    

Noront's Offer has been extended and now expires on December 11, 2009. All Freewest shareholders are urged to tender their shares to the Noront bid.

For more information on the Freewest Offer, please visit Noront's website at www.norontresources.com or contact Noront's Investor Relations Department at (416) 367 1444. ext 126

    
    To tender your Freewest shares, please contact;
    Laurel Hill at Laurel Hill Advisory Group
    North American Toll Free Phone: 1-888-882-6742
    Email: assistance@laurelhillag.com
    Outside North America, Banks and Brokers Call Collect: +1 (416) 637-4661
    

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.

%SEDAR: 00003339E

SOURCE NORONT RESOURCES LTD.

For further information: For further information: please contact Joanne Jobin, Vice President Corporate Communications at (416) 367-1444 ext 126, or visit Noront's website at: http://www.norontresources.com

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