TORONTO, ONTARIO - (March 12, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that the 3,250,000 warrants exercisable at $5.00 per common share, which formed part of the units subscribed for pursuant to the private placement described in Noront's press release of February 7, 2008 are now exercisable on or before 5:00 p.m. (Toronto time) on April 10, 2008 after which time they will expire.
The warrants were exercisable at a price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront had closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront's common shares are listed for trading. This condition was achieved at the close of market on March 11, 2008.
The common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,573,082 common shares issued to date.
Investors are invited to visit the Noront Resources Ltd.'s IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS
R. Nemis, President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
(416) 864-1456
Fax: (416) 367-5444
Email: info@norontresources.com
Website: www.norontresources.com
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