Noront Resources Ltd.
TSX VENTURE : NOT

Noront Resources Ltd.

November 06, 2006 15:16 ET

Noront Acquires Property Interest in Hungary

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2006) - Noront Resources Ltd. (Noront) (TSX VENTURE:NOT)has entered into an agreement with private interests in Hungary to acquire mineral exploration permits in the Mid-Matra Region 110 km northeast of Budapest near the village of Paradsasvar.

The exploration permits covering approximately 30 square km was recently granted to Noront's partners on behalf of Noront. After Noront has spent three times (approximately $60,000) the cost of the permit acquisitions, Noront will have earned a 75% interest in the property. Noront will act as Operator to continue the exploration work with costs being shared on a 75%-25% basis. Failure of either party to pay their proportionate share will result in dilution of the non-paying party's interest.

The permits are in a known mining area approximately 6 km to the east of the large Recsk polymetallic deposit of copper, zinc, lead, molybdenum, gold and silver.

Noront's Mid-Matra exploration permits were the subject of earlier investigations where several underground adits were driven to detail sample widespread vein type poly metallic mineralization. Similar mineralization was exploited on the properties adjacent to the west of the Noront permits. Historical data from the latter underground exploration efforts indicate that significant widths of favourable grade zinc, lead, copper, silver and gold mineralization were encountered in the old adits. However, the latter data cannot be verified today and immediate exploration efforts will focus on re-sampling and assaying the area where the old work was concentrated.

Peter Vamos, P. Eng (Ontario) is the qualified person responsible for the technical data in this release and engaged by Noront to supervise research and fieldwork carried out on the exploration permits. To review Peter Vamos' recent geological report please visit the company's web site at www.norontresources.com.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 54,567,692 shares issued to date.

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