Noront Resources Ltd.
TSX VENTURE : NOT

Noront Resources Ltd.

September 14, 2005 16:08 ET

Noront Amends Terms Of Warrants

TORONTO, ONTARIO--(CCNMatthews - Sept. 14, 2005) - NORONT RESOURCES LTD. ("Noront")(TSX VENTURE:NOT) previously completed on September 28, 2004, a private placement for gross proceeds of $600,000. Pursuant to this placement, Noront had issued 4 million units at $0.25 per unit, each unit consisting of one flow-through common share and one common share purchase warrant (each a "Warrant" and collectively the "Warrants") of Noront. Each Warrant allows the holder thereof to purchase a common share that is not a "flow-through share" for $0.25 at any time until September 28, 2005 (the "Warrant Term"). The Corporation has extended the Warrant Term by a three-month period so that Warrants are exercisable until December 28, 2005, on the same terms and conditions as the original Warrants (the "Amendment"). The Amendment is subject to the receipt of all regulatory approvals.

The TSX Venture Exchange has in no way passed upon the merits of the Amendment to the Warrants and has neither approved nor disapproved of the contents of this press release.

Completion of the Amendment is subject to a number of conditions, including but not limited to, acceptance by the TSX Venture Exchange. There can be no assurance that the proposed Amendment will be completed as proposed or at all.

Noront is a tier 2 junior resource company.

ON BEHALF OF THE BOARD OF DIRECTORS

"Neil Novak"

Neil Novak,

Director

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
    (416) 864-1456
    (416) 367-5444 (FAX)
    norantresources@rogers.com
    or
    Noront Resources Ltd.
    Jim Voisin
    (519) 699-5352