CEE Centamin Plc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) is pleased
to announce the completion of the private placement financing originally
announced on April 19, 2010. Noront issued 7,598,200 flow-through common shares
("Flow-Through Shares") at a price of $1.83 per Flow-Through Share, raising
gross proceeds of $13,904,706 (the "Offering").


Dundee Securities Corporation ("Dundee") acted as lead agent on behalf of a
syndicate of agents including Wellington West Capital Markets Inc. and Canaccord
Genuity Corp. (collectively, the "Agents").


Noront paid a cash fee to the Agents equal to 5% of the gross proceeds of the
Offering and issued broker warrants to the Agents equal to 5% of the number of
Flow-Through Shares sold pursuant to the Offering. Each broker warrant is
exercisable to acquire one common share of the Company at the issue price of
$1.83 per common share for a period of 12 months following the Closing Date.


The gross proceeds from the sale of the Flow-Through Shares will be used for
Canadian Exploration Expenses ("CEE"), with the Company to use its best efforts
to qualify such CEE as "flow-through mining expenditures", to fund ongoing
exploration activities on the Company's McFauld's Lake project. Such CEE will be
renounced in favour of the subscribers of the Flow-Through Shares effective on
or before December 31, 2010.


All securities issued pursuant to the Offering will be subject to a four month
hold period under Canadian securities laws.


The securities being offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States in
the absence of registration or an applicable exemption from the registration
requirements. This press release does not constitute an offer to sell or the
solicitation of an offer to purchase securities in the United States.


About Noront Resources

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 dominant 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 2010. All material information on Noront can be found on the Company's
website at www.norontresources.com or at SEDAR at www.sedar.com.


Wesley (Wes) C. Hanson, President & Chief Executive Officer

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.

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