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Friday, October 19, 2012

Noront Introduces Tom Anselmi As a New Director

October 19, 2012
Noront Introduces Tom Anselmi As a New Director
TORONTO, ONTARIO--(Marketwire - Oct. 19, 2012) - Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) is pleased to announce the appointment of Mr. Tom Anselmi to the Board of Directors of Noront subject to approval by the TSX Venture Exchange.

Mr. Anselmi is a professional engineer and is currently President and C.O.O. of Maple Leaf Sports & Entertainment ("MLSE"). A Toronto native, Mr. Anselmi graduated from Ryerson Polytechnic University prior to receiving a degree in civil engineering from the University of Saskatchewan in 1985.

Mr. Anselmi joined MLSE in 1996 as Vice President and Project Director for the overall development of Air Canada Centre. In 2004, he was appointed Executive Vice- President and Chief Operating Officer responsible for the business operations of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and the Toronto Marlies, and in 2012 he was appointed President and C.O.O. Mr. Anselmi has been instrumental in establishing MLSE as one of the most successful sports and entertainment companies in the world.

Mr. Anselmi is a recognized community leader and focused on MLSE's Team Up Foundation. The MLSE Team Up Foundation strives to improve the lives of kids by funding the refurbishment of local athletic facilities and programs that support kids through sports and recreation.

Wes Hanson, CEO of Noront states: "I am very pleased Tom has agreed to join our Board. Tom understands what it takes to build a world-class business enterprise from the ground up. He realizes the importance of planning and teamwork and the importance of giving back to the communities where you operate. I look forward to working with him as we develop our mineral discoveries in Ontario into a best-in-class mining company."

The Company advises that the Board of Directors has granted a director an aggregate 300,000 incentive stock option at a price of $0.35 for a period of five years. The options are granted pursuant to Noront's stock option plan and are subject to regulatory approval.

The Company advises that on October 9th, 2012 an Annual and Special Meeting was held at the Fairmont Royal York where the following directors were elected; Mr. Wes Hanson, Mr. Paul Parisotto, Mr. Joseph Hamilton, Mr. Harry Lin, Mr. Ted Bassett Mr. David Thomas and Mr. Darren Blassutti. The Company also advises that Mr. Paul Parisotto has been reappointed as the Chairman of the Board of Directors for the following year.

About Noront: Noront Resources Ltd. is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade Blackbird chromite deposit, both of which are located in the James Bay lowlands of Ontario in an emerging metals camp known as the Ring of Fire.

For further information please visit Noront's website at www.norontresources.com or search the Company's publically filed documents on SEDAR at www.sedar.com.

Wesley (Wes) Hanson, President & Chief Executive Officer

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