Thank-you, he took us from $3 to 30 cents

January 21, 2013

Noront Announces Appointment of Interim Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2013) - Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) announced today that its board of directors received the resignation of Wes Hanson as President, Chief Executive Officer and a Director of Noront. The Board has appointed Paul Parisotto to act as interim President and Chief Executive Officer and has begun a search to identify a permanent President and Chief Executive Officer. Ted Bassett has been appointed lead director during the period of Mr. Parisotto's appointment as interim President and Chief Executive Officer. "On behalf of the Board of Directors, I would like to thank Wes for his efforts and dedication at Noront over the past three years, and in particular, for leading the completion of a positive feasibility study in September 2012 of our Eagle's Nest Project in the Ring of Fire. This puts the Company in a good position as it transitions into development with a focus on the financing and development of the Project and related infrastructure. All of us at Noront wish Mr. Hanson the best in his future endeavours" stated Paul Parisotto, Chairman of the Board of Directors. Mr. Hanson has agreed to continue to be available as a consultant to Noront.