Noront Resources Ltd.
TSX VENTURE : NOT

Noront Resources Ltd.

March 23, 2006 08:50 ET

Noront Intersects 27.3 Grams Gold Per Tonne Over 14.40 Meters

TORONTO, ONTARIO--(CCNMatthews - March 23, 2006) - Diamond drilling at Noront's (TSX VENTURE:NOT) wholly owned Windfall Lake property in Urban Towhship, Quebec, resumed late in February and year-to-date five drill holes have been completed and three lost in overburden for a total drilled of 2,222 meters.

The drill holes reported here cover a 200 meter strike length of the presently known mineralized felsic volcanic package down to a maximum vertical depth of 400 meters. Hole nos. 84 and 85 tested for extensions of the deep 27 zone to the southwest and hole nos. 83, 86, 89 and 90 were completed to test for northeasterly extensions of the 27 and other zones.

Immediate future drilling will be confined to the latter area to further assess the numerous parallel gold zones being encountered and to ascertain their continuity as well as strike and dip extensions.

The following table lists the new drill holes giving the hole locations, direction and significant assay intervals. True widths of the gold zones being reported is not known at this time.

Assay samples are taken from (NQ) drill core sawed in half with one half sent to Bourlamaque Assay Laboratory located in Val D'Or, Quebec for assaying. The remaining half core is stored in a secure location for future reference or further testing. The gold assay method uses a 30-gram fire assay with gravimetric finish. Significant assay results are checked by the laboratory where warranted. A second independent laboratory will check assays with any significant variability.

Gold assay results as reported to the company are in parts per billion and reported publicly by the company in grams per tonne (1000 ppb = 1 gram). Conversion to ounces per ton on the attached Table employees a factor of 34.285 grams per tonne equaling 1 troy ounce per short ton and core width of significant zones is also give in feet (1.0 meter = 3.28 feet).

John Harvey, P. Eng., is the company's qualified person for the technical information in this release under National Instrument 43-101 guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 54,132,692 shares issued to date.

ON BEHALF OF THE BOARD OF DIDRECTORS

"R. Nemis"

President and Chief Executive Officer



TABLE
-----

ASSAY SUMMARY
-------------
MARCH, 2006

---------------------------------------------------------------------
ASSAY DATA
-----------------------------------
CORE WIDTH ASSAYS
DRILL GRID --------------------------
HOLE LOCATION AZIMUTH DIP INTERVAL g/ Oz/
(meters) METERS FEET tonne ton
---------------------------------------------------------------------
NOT-06-83 1230W, 270 -70 227.20 -
350N degrees degrees 235.35 8.15 26.7 5.9 .17
---------------------------------------------------------------------
Incl. 227.20 -
228.20 1.00 3.3 28.5 .83
---------------------------------------------------------------------
And 228.20 -
235.35 7.15 23.4 2.6 .08
---------------------------------------------------------------------

---------------------------------------------------------------------
279.20 -
293.60 14.40 47.2 27.3 .80
---------------------------------------------------------------------
Incl. 279.20 -
280.30 1.10 3.6 307.9 8.98
---------------------------------------------------------------------
And 282.25 -
283.30 1.05 3.4 19.4 .57
---------------------------------------------------------------------
And 285.25 -
285.90 0.65 2.1 13.0 .38
---------------------------------------------------------------------
And 291.60 -
291.90 0.30 1.0 14.3 .42
---------------------------------------------------------------------
And 293.00 -
293.60 0.60 2.0 10.4 .30
---------------------------------------------------------------------

---------------------------------------------------------------------
403.25 -
403.90 0.65 2.1 17.6 .51
---------------------------------------------------------------------

---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-84 1230W, 270 -70 296.45 -
275N degrees degrees 301.85 5.40 17.7 7.9 .23
---------------------------------------------------------------------
Incl. 298.10 -
299.40 1.30 4.3 12.8 .37
---------------------------------------------------------------------
And 300.85 -
301.85 1.00 3.3 20.0 .58
---------------------------------------------------------------------

---------------------------------------------------------------------
347.75 -
348.10 0.35 1.1 5.0 .15
---------------------------------------------------------------------

---------------------------------------------------------------------
366.60 -
368.50 1.90 6.2 2.5 .07
---------------------------------------------------------------------

---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-85 1285W, 270 -70
275N degrees degrees NO SIGNIFICANT ASSAYS
---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-86 1100W, 270 -70 133.50 -
290N degrees degrees 135.10 1.60 2.4 3.0 .09
---------------------------------------------------------------------

---------------------------------------------------------------------
165.60 -
177.60 12.00 39.4 3.5 .10
---------------------------------------------------------------------
Incl. 165.60 -
169.10 3.50 11.5 1.5 .04
---------------------------------------------------------------------
And 169.10 -
173.50 4.40 14.4 6.8 .20
---------------------------------------------------------------------
And 173.50 -
177.60 4.10 13.4 1.8 .05
---------------------------------------------------------------------

---------------------------------------------------------------------
278.30 -
280.00 1.70 5.6 13.1 .38
---------------------------------------------------------------------
NOT-06-87 1072W, 330 -50
170N degrees degrees LOST IN OVERBURDEN
---------------------------------------------------------------------

---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-88 1072W, 330 -50
170N degrees degrees LOST IN OVERBURDEN
---------------------------------------------------------------------

---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-89 1049W, 330 -50
181N degrees degrees LOST IN OVERBURDEN
---------------------------------------------------------------------

---------------------------------------------------------------------

---------------------------------------------------------------------
NOT-06-90 1049W, 330 -50 59.00 -
180N degrees degrees 62.70 3.70 12.1 1.9 .06
---------------------------------------------------------------------

---------------------------------------------------------------------
234.20 -
237.00 2.80 9.2 4.0 .11
---------------------------------------------------------------------
Incl. 234.20 -
235.05 0.85 2.8 10.7 . 31
---------------------------------------------------------------------

---------------------------------------------------------------------
284.00 -
285.90 1.90 6.2 6.1 .18
---------------------------------------------------------------------
Incl. 284.00 -
285.00 1.00 3.3 9.6 .28
---------------------------------------------------------------------

---------------------------------------------------------------------



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information