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Noront Resources Announces Issuance of Stock Options and Restricted Stock Units

TORONTO, ON–(Marketwired – February 24, 2017) – Noront Resources Ltd. (“Noront” or the “Company”) (TSX VENTURE: NOT) announces that the Company’s Board of Directors (the “Board”) has granted the option to acquire an aggregate of 5,003,417 common shares to directors, officers and management, with an exercise price of $0.25 per Common Share, the closing market price on the date of grant, exercisable for a period of five years. In addition, the Board has granted 683,350 restricted stock units convertible into common shares one year from the date of grant.