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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Notes from Interview

posted on Jan 15, 2008 06:02AM

NOTES from interview -

Waiting for 8-9 holes assay results. Hope for study completion by end of February.

One drill now doing in fill drilling (between existing holes).

Two more drills should be drilling end of next week on new anomalies from airborne surveys.

Windfall ramp is now being collared. February 1 starts underground ramp. Phase 1 will go down 100 meters in depth, to a lenght of 800-900 meters, to the 'pot of gold', the mother hole.

Hoping that results from above will get the price up early this year so they can do more financing.

Noront has 50% of the staked area, lots of anomalies similiar to eagle one to test.

BK

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