Noront Resources Ltd.

Noront Resources Ltd.

June 26, 2008 16:18 ET

Noront Resources Ltd.: Windfall Project Underground Exploration Update


TORONTO, ONTARIO--(Marketwire - June 26, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) -


Noront is pleased to report that its geologists on site report significant occurrences of visible gold at Windfall Lake; both in mineralized muck and in situ on the ramp wall on the westerly extension of the F-17 zone. The gold observed in the ramp wall was initially thought to be a thin plate extending over an irregular area measuring 1 cm by 2 cm. Upon removal for safekeeping, gold was found to form a film or mesh, permeating the host rock and exposed on broken surfaces for areas up to 8 x 10 cm.

An image of the sample from the ramp with appropriate scale bar, has been posted on Noront's website:

Noront is earning a 50% interest in the subject property, where the F-17 zone is located, from Murgor Resources Inc. ("Murgor") and Freewest Resources Canada Inc. ("Freewest") by spending $4.0 million in total. Noront can earn an additional 10% interest, for a total 60% interest in the project by providing a positive feasibility study on the project (see press release dated February 5, 2007). Noront has 100% interest in the adjacent claim group to the south and southwest where other gold zones targeted by the ramp are located.

The Windfall Property has previously reported excellent gold grades in both surface sampling and diamond drilling during exploration leading up to the present program. Based only on surface exploration, it has been difficult to combine drill intersections into continuous zones that may be amenable to development. The current underground programme is designed to recover bulk samples from several well-mineralized areas of which F-17 is the first to be reached.

The visible gold is hosted by a silicified, pyritic volcanic rock which forms the immediate hanging wall of a quartz breccia unit. The gold forms irregular plates that form part of the matrix in the granular-looking host rock. The gold occurrences reported herein are not expected to be representative of the gold mineralization at Windfall Lake overall.

The F-17 zone was discovered in 2004 and intensively drilled (4,800 m in 40 holes) in 2004. A further 16 holes (approx. 1,500 m) were drilled during the last three years. On March 18, 2008 Noront reported 143.3 g/t (4.18 opt) over 3.11 m(10.6 ft) between 9.73 and 12.95 m in NOT-07-175, a geotechnical hole situated approx. 70 m east of and approx. 35 m above the main ramp. Hole WIN-05-85 reports 3.8 g/t over 3 m approx. 10 m below the location of the visible gold. Two other holes (WIN-05-53 and NOT-07-114) report low grade intervals below WIN-05-85 but within 25 m of the visible gold occurrence on or in the projected hanging wall of the zone.

This encouraging discovery is an endorsement of the underground programme which was predicated on the assumption that surface diamond drilling was not adequately sampling the observed mineralization due to its non-continuous nature.

The mining contractor has been instructed to drive ore drifts short distances on F-17, both east and west of the ramp before advancing the ramp towards the NOT-06-100 area. The mining contractor operates under geological control during the approach to, traverse of, and drifting in mineralized zones. A variety of samples are taken to provide an initial estimate of grade, which will be reported upon when assays are received from the laboratory. Mineralized and partially mineralized rounds (approx. 200 t) are individually placed on a purpose-built "ore" dump under the direction of the geological team.

Mr. Nemis, President and CEO of Noront states "The Windfall Lake gold project in Quebec with the exciting gold samples encountered during our underground exploration program as reported upon herein is one of two main projects on which Noront is working at present. The other main project is the Double Eagle polymetallic project in northern Ontario, where impressive nickel, copper, platinum, palladium and chrome mineralization has been identified by drilling. Two diamond drills are continuing to delineate the Eagle Two Copper-Nickel-Chromite mineralization and one drill is testing other geophysical targets. We will be providing an exploration update on the Double Eagle project shortly."

Patrick Chance, P.Eng and John Harvey, P.Eng. are supervising the Windfall program on behalf of Noront. Bob Bryce of Abiting Inc. and Tracy Armstrong, P.Geo., of P&E Mining Consultants are consultants to the project, have reviewed the contents of this press release and are resident Qualified Persons from Quebec.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,804,783 shares issued to date.

Investors are invited to visit Noront's IR Hub at where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

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