Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Insiders loading up at $.125

Not only did insiders take down a big chunk of the latest PP at $.125 with warrants at $.15 but they just loaded up on Options at $.125.

I doubt that they intended to make $.005 per option

Transaction Shares/ Account

Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance

May 26/10 Harrington, Michael s Direct Ownership Public market sale Common Shares USD 0.123 -20,000 -1% 2,020,000

May 06/10 Reid, Bruce Direct Ownership Grant of options Options 0.125 1,000,000 > 100% 1,685,000

May 06/10 Saint-Pierre, Luce Direct Ownership Grant of options Options 0.125 1,500,000 52% 4,406,000

May 06/10 Flett, Douglas Melville Direct Ownership Grant of options Options 0.125 1,500,000 97% 3,050,000

May 06/10 Fink, Richard Direct Ownership Grant of options Options 0.125 1,000,000 > 100% 1,685,000

May 06/10 Masters, Thomas Edward Direct Ownership Grant of options Options 0.125 1,400,000 > 100% 1,800,000

May 06/10 Harrington, Michael s Direct Ownership Grant of options Options 0.125 1,500,000 49% 4,579,380

May 06/10 Smeenk, Frank Cornelius Direct Ownership Grant of options Options 0.000 3,000,000 67% 7,454,500

May 06/10 Tremblay, Mousseau Direct Ownership Grant of options Options 0.000 1,500,000 54% 4,297,000

Apr 25/10 Tremblay, Mousseau Direct Ownership Expiration of options Options 0.000 -90,000 -3% 2,797,000

Apr 25/10 Saint-Pierre, Luce Direct Ownership Expiration of options Options 0.120 -90,000 -3% 2,906,000

Apr 25/10 Smeenk, Frank Cornelius Direct Ow

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