Maudore Minerals Ltd. (TSXV:MAO) signed an agreement to acquire 25% stake in Windfall Lake Project from Noront Resources Ltd. (TSXV:NOT) for CAD 10 million on December 5, 2012. Maudore has agreed to pay Noront a sum of CAD 10 million in cash and 3 million warrants which entitle Noront to purchase common shares of Maudore on a one-to-one basis, such warrants having an exercise price of CAD 2.20 per common share. In a separate transaction, Maudore Minerals Ltd. (TSXV:MAO) made a formal non-binding proposal to acquire Eagle Hill Exploration Corporation (TSXV:EAG) from its shareholders. Maudore will, subject to certain conditions, pay to Noront an additional amount in the event that Maudore acquires, directly or indirectly, Eagle Hill's 75% interest in the Windfall Lake Property by way of merger or other acquisition of all issued and outstanding common shares of Eagle Hill.

The agreement is subject to certain conditions including Maudore's obligation to purchase Noront's 25% interest in the Windfall Lake Project is subject to its acquisition of the 75% interest, or Noront obtaining the consent of Eagle Hill pursuant to the option agreement for the transfer of Noront's 25% interest and any required regulatory approvals, including that of the TSX Venture Exchange.

Maudore Minerals Ltd. (TSXV:MAO) cancelled the acquisition of 25% stake in Windfall Lake Project from Noront Resources Ltd. (TSXV:NOT) on April 18, 2013.