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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Message: NOT and WSR

Don,

We are in the same boat on this one. Being first I think WSR will be amply rewarded. I paid more then I needed to for WSR when the news first broke, but I'm not worried at all. My short term timing could be better, but the long term outlook looks GREAT!

NOT and WSR: A great team. And NOT continues to look for new talent to join them as part of the McFaulds playbook and set new records as a team, to everyone's benefit. SMART.

BK

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