HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Do not forget that the assays received are only for the first 36 metres of NOT-07-01 that had the highest occurence of visible mineralzation...

Results have not yet been received for the remaining 30 metres down to the 122m interval. Therefore, we could have significant mineralization over an interval of 72 metres (true width of 50m according to the earlier NR).

Granted the last 30m may be a lower grade than the 36m already reported, but the average grade may still well exceed GCR's hole over an equal interval given the much higher grades over the first 36m.

We still do not have all the assays back for NOT-07-01!

Regards,

B.

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