TORONTO, April 16 /PRNewswire/ -- Noront Resources Ltd. (Noront or the Company) (TSX Venture: NOT) is pleased to announce the formal signing and ratification by Marten Falls First Nation Band Council of a Historical Compensation Agreement with Marten Falls First Nation (MFFN). This agreement pertains to Noront's exploration activities from August 25, 2007 to the end of December 2008 conducted on MFFN Traditional Lands as represented to Noront by MFFN with reference to MFFN member's trap-lines in the James Bay Lowlands of Ontario, in the mining exploration area commonly referred to as the Ring of Fire. The Agreement recognizes the right of the MFFN to pursue their traditional way of life and serves to address any impact that Noront's exploration activities have had on their Traditional Lands and traditional pursuits. In addition, Noront and MFFN are currently working together to complete a formal exploration agreement which will cover Noront's current and future exploration activities in the Ring of Fire. Paul Parisotto, Interim Co-Chief Executive Officer states that Noront is pleased to have reached an agreement with the Marten Falls First Nation which respects their Traditional Lands and recognizes their rights to pursue their traditional way of life. We view this agreement as part of the foundation necessary for our future in the Ring of Fire. In the meantime, we are looking forward to the next step which includes finalizing an Exploration Agreement and to continuing our relationship with Marten Falls community, as well as other First Nation Communities in other areas that Noront is exploring in the Ring of Fire. Harry Baxter, Chief of Marten Falls First Nations stated On behalf of the Marten Falls Community membership and our Councilors, we are pleased that we have reached this agreement with Noront which addresses our concerns regarding the respect of our lands and way of life. We value moving forward with our new neighbors and look forward to a long and mutually beneficial relationship with Noront. This press release has been reviewed and approved for dissemination by Noront's senior management including Neil Novak, P.Geo, Vice President Corporate and Aboriginal Affairs. Noront is a tier two junior resource company on the TSX Venture Exchange, trading symbol NOT, with 153,722,283 shares issued to date.
ON BEHALF OF THE BOARD OF DIRECTORS:
Paul A. Parisotto and Joe Hamilton Co-Chief Executive Officers
FORWARD LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies. Often, but not always, forward-looking statements can be identified by the use of words such as plans, planning, planned, expects or looking forward, does not expect, continues, scheduled, estimates, forecasts, intends, potential, anticipates, does not anticipate, or belief, or describes a goal, or variation of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information: please contact the Investor Relations Department at 1-416-238-7226, or visit Noront's website at: http://www.norontresources.com
For further information: please contact the Investor Relations Department at +1-416-238-7226