Noront closes $6.7 million offering

Feb. 18, 2010
Noront Resources Ltd. ("Noront" or the "Company") is pleased to announce that it has completed the prospectus offering originally announced on January 14, 2010. Noront issued 2,436,364 common shares ("Shares") at a price of $2.75 per Share to raise gross proceeds of $6.7 million (the "Offering").
Gross proceeds from the Offering will be used for general corporate and working capital purposes and exploration and development activities related to Noront's McFaulds Lake project.
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.