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: Conversation with Noront

Sorry, I've been kicking my butt ever since hanging up because I failed to ask where. I do believe they are numbering this as hole 30 but don't hold me to that.

The contracts I mentioned that are being reviewed are to do with a new assay laboratory.

The mention of new jv partners was just to the extent that Dick said people don't realize how much paperwork is involved because even the TSE has to approve. Seemed pretty certain that new JV partners will be coming on board just don't know when.

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