Noront Reports Continued Significant Assay Results at Eagle's Nest, James Bay

TORONTO, February 2 - Noront Resources Ltd. ("Noront" or the "Company")(TSX Venture: NOT) is
pleased to report the final assay results from the 2009 drilling program at
the Eagle's Nest deposit. These results include intersections of high-grade
nickel, copper, platinum and palladium and complete all the outstanding
assay results from the 2009 drill program at Eagle's Nest. Additional
results from the drilling at AT-12 are outstanding and are expected in
the near term.

Five holes, which were recently completed and drilled during the 2009
program, are reported within. The holes were targeted at defining the extents
of the Eagle's Nest mineralization, which continues to be open along strike
for most of the deposit and at depth. Four of the holes intersected
significant mineralization.

    HIGHLIGHTS:

    -----------

    -   NOT-09-074 intersected 82.6 metres averaging 2.05% Ni, 1.00% Cu, 0.64
        gpt Pt and 2.94 gpt Pd;

        -  Including 6.7 metres averaging 7.41% Ni, 1.26% Cu, 0.93 gpt Pt and
            6.64 Pd

    -   NOT-09-064-W1 intersected 131.8 metres averaging 1.27% Ni, 0.56% Cu,
        0.85 gpt Pt and 2.89 gpt Pd;

        -  Including 8.7 metres averaging 5.82% Ni, 1.62% Cu, 0.05 gpt Pt and
           6.62 gpt Pd

    -   NOT-09-075 intersected 10.53 metres averaging 6.51% Ni, 1.68% Cu, 2.0
         gpt Pt and 8.18 gpt Pd.

Noront's President and CEO, Wes Hanson, states: "These latest results
from Eagle's Nest continue to demonstrate the excellent continuity and high
grade nature of this discovery. Although new results will be temporarily
delayed by the previously announced logistics halt by local First Nations
communities, this allows our geological team the time to critically evaluate
and interpret results, leading to more efficient drilling at Eagle's Nest
once we successfully negotiate a settlement with our First Nations
neighbours. Furthermore, I am pleased to announce that Golder Associates
(Toronto, ON), have been engaged to update the Eagle's Nest resource during
the first quarter of 2010. This update will allow Noront to begin evaluating
project economics much earlier than originally planned."

Jeremy Niemi, Noront's Vice President Geology notes; "These latest drill
results continue to expand the dimensions of the Eagle's Nest deposit and
reveal a very consistent geometry. Exploration efforts moving forward will
remain focused on expanding the known limits of the deposit and targeting
massive sulphide mineralization and intriguing features such as the platinum
rich sections previously disclosed. The break in active drilling will allow
time for evaluation and interpretation of results to date which will assist
in modeling the Eagle's Nest deposit and streamlining drilling in
the future."

The following table summarizes the remaining results of the 2009 drilling
at Eagle's Nest.

    -------------------------------------------------------------------------

                                           MINERALI-

                    FROM     TO     INT.   ZATION      NI    CU    Pt    Pd

       HOLE ID       (m)     (m)    (m)    TYPE         %     %   g/t   g/t

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    NOT-09-064-W1  1099.9  1231.8  131.8   Net        1.27  0.56  0.85  2.89

                                           Textured/

                                           Massive

    -------------------------------------------------------------------------

    Including      1167.7  1176.4    8.7   Massive    5.82  1.62  0.05  6.62

    -------------------------------------------------------------------------

    NOT-09-073      693.4   753.2   59.8   Net        1.70  0.90  1.45  3.73

                                           Textured/

                                           Massive

    -------------------------------------------------------------------------

    NOT-09-074      552.6   635.2   82.6   Net        2.05  1.00  0.64  2.94

                                           Textured/

                                           Massive

    -------------------------------------------------------------------------

    Including       628.2   623.9    6.7   Massive    7.41  1.26  0.93  6.64

    -------------------------------------------------------------------------

    NOT-09-075      602.1   612.6   10.5   Massive    6.51  1.68  2.00  8.18

    -------------------------------------------------------------------------

Hole NOT-09-071-W1 did not intersect significant mineralization as it was
stopped due to drilling problems. This hole will be re-investigated once the
drill program re-commences. The mineralized intervals reported in this table
do not represent true widths, which cannot be determined at this time. An
updated plan map of the Eagle's Nest drilling can be found at
norontresources.com/find/id/39/40 The updated Eagle's Nest Long
Section Map can be found at norontresources.com/find/id/38/vH .

For further information on the Eagle's Nest project, please refer to the
Company's NI 43-101-Standards of Disclosure for Mineral Projects compliant
technical report "Technical Report and Preliminary Economic Assessment on
the Eagle One Deposit, Double Eagle Property, McFaulds Lake Area. James Bay
Lowlands, Ontario" (effective: October 20, 2008) available on the Company
website and at www.sedar.com.

CORPORATE UPDATE:

Noront announced last week that drilling activities have been temporarily
suspended at Esker Camp. The Company will continue to coordinate material and
equipment for transport to the site, in anticipation of the logistics halt
ending. Noront reiterates that planned exploration for 2010 is not currently
at risk and the Company is confident a settlement can be reached with all
First Nation communities involved.

Mr. Hanson adds: "With the technical aspects of our work well under way,
management will continue to focus on engaging the First Nation communities in
active dialogue aimed at a quick and equitable settlement to the logistics
halt. Meetings are planned for later in the week with the Chiefs of Marten
Falls First Nation and Webequie First Nation. Noront is confident a fair and
equitable solution can be negotiated and that the planned exploration for
2010 will be completed.

EXPLORATION UPDATE:

Plans for 2010 remain focused on expanding the current resources at the
Eagle's Nest deposit which are expected in early 2010; the continuation of
our six month drill program and the follow up of promising results at AT12.
The Company also plans to drill newly defined geophysical targets and review
the finer geological details of the Eagle's Nest Blackbird Complex.

Prior to resuming this year's drill program, Noront is reviewing all data
and taking a much closer look at the subtle features related to some of the
very high grade platinum group element mineralization drilled at Eagle's Nest
in 2009. The Company remains excited and optimistic regarding the potential
for additional mineralization close to known deposits and at
regional targets.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program has been in effect for the Eagle's
Nest project, which includes grouping samples into batches of 35 into which
are added 2, certified reference material standards, 2 field and pulp
duplicates also form part of the QC program. It can be said with confidence
that all assays are reported in this Press Release have passed the strict
quality control guidelines as set out by Noront's Qualified Person ("IQP").

All samples reported upon herein were completed by Activation Labs
(Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were
analyzed for multi-elements, including Ni and Cu using a four acid digestion
and by ICP analysis. The samples that received base metal values greater
than the upper limit for the method underwent further analysis using ICP-OES.
For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram
aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an
ICP analysis. For more information on assay methodology please visit the
Activation Laboratories Ltd. Website at www.actlabsint.com.

Preparation of drilling results in this press release has been supervised
by Noront's senior management including Jeremy Niemi, P.Geo. Vice President,
Geology, who is a Qualified Person under Canadian Securities Administrators
guidelines. At the current stage of exploration there is insufficient
drilling to determine the extent of continuity of the mineralization
required to define a mineral resource for all mineralization at the
Eagle's Nest. Noront anticipates delivering an updated mineral resource in
second half of 2010.

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 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) 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

For further information: Joanne Jobin, Vice President Corporate
Communications at +1(416)367-1444, or visit Noront's website at:
www.norontresources.com

For further information: Joanne Jobin, Vice President Corporate Communications at +1(416)367-1444, or visit Noront's website at: www.norontresources.com