Toronto, Ontario, November 23, 2009. Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) notes that Freewest Resources Canada Inc. (“Freewest”, TSX-V:FWR) in its press release of November 23, 2009 has announced a proposed alternative transaction with Cliffs Natural Resources Inc. (“Cliffs”, NYSE: CLF & PARIS: CLF) to Noront’s Offer of 0.25 of a Noront common share and C$0.0001 in cash for each Freewest common share.
Given the nature of the proposed transaction, Noront, prior to making any decisions, wishes to review the full details of this alternative transaction once disclosed by Freewest and will revert accordingly thereafter.
Noront Resources is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite 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 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
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.
Wesley (Wes) Hanson
Chief Executive Officer