TORONTO, April 16 /CNW/ - Noront Resources Ltd. ("Noront" or the
"Company") (TSX Venture: NOT) is pleased to announce the formal signing and
ratification by Marten Falls First Nation Band Council of a Historical
Compensation Agreement with Marten Falls First Nation ("MFFN"). This agreement
pertains to Noront's exploration activities from August 25, 2007 to the end of
December 2008 conducted on MFFN Traditional Lands as represented to Noront by
MFFN with reference to MFFN member's trap-lines in the James Bay Lowlands of
Ontario, in the mining exploration area commonly referred to as the "Ring of
The Agreement recognizes the right of the MFFN to pursue their
traditional way of life and serves to address any impact that Noront's
exploration activities have had on their Traditional Lands and traditional
pursuits. In addition, Noront and MFFN are currently working together to
complete a formal exploration agreement which will cover Noront's current and
future exploration activities in the Ring of Fire.
Paul Parisotto, Interim Co-Chief Executive Officer states that "Noront is
pleased to have reached an agreement with the Marten Falls First Nation which
respects their Traditional Lands and recognizes their rights to pursue their
traditional way of life. We view this agreement as part of the foundation
necessary for our future in the Ring of Fire. In the meantime, we are looking
forward to the next step which includes finalizing an Exploration Agreement
and to continuing our relationship with Marten Falls community, as well as
other First Nation Communities in other areas that Noront is exploring in the
Ring of Fire."
Harry Baxter, Chief of Marten Falls First Nations stated "On behalf of
the Marten Falls Community membership and our Councilors, we are pleased that
we have reached this agreement with Noront which addresses our concerns
regarding the respect of our lands and way of life. We value moving forward
with our new neighbors and look forward to a long and mutually beneficial
relationship with Noront."
This press release has been reviewed and approved for dissemination by
Noront's senior management including Neil Novak, P.Geo, Vice President
Corporate and Aboriginal Affairs.
Noront is a tier two junior resource company on the TSX Venture Exchange,
trading symbol NOT, with 153,722,283 shares issued to date.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Paul A. Parisotto and Joe Hamilton"
Co-Chief Executive Officers
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: please contact the Investor Relations
Department at (416) 238-7226, or visit Noront's website at: