Ring of Fire Monitor

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Thursday, May 5, 2011

Nice.... I can buy at $4.00 they can buy at $0.88

Can you say ' More dilution'

NORONT GRANTS OPTIONS
TORONTO, May 5 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) reports that the Board of Directors has granted an aggregate of 3,450,000 incentive stock options to officers, directors, employees and consultants of the Company, exercisable at a price of $0.88 for a period of five years. The stock options were granted pursuant to Noront's stock option plan and are subject to regulatory approval.
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 largest 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 2011. All material information on Noront can be found on the Company's website at http://www.norontresources.com/ or at SEDAR at http://www.sedar.com/ 
Wesley (Wes) Hanson
President & Chief Executive Officer

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