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: I Just Spoke to FWR on current Drilling at McFaulds...

Nickelodian -That is a somewhat discouraging post. When were you talking to FWR? JD's post was somewhat upbeat, while yours was negative. You said FWR's dead until May and SPQ's holes were not looking encouraging. You also said "the information I have indicates the shallow holes near FNC are nada, empty". Seems to me you are making a lot of inferences here which I hope are wrong. Who is your source - the IR person at FWR? Were you talking about NOT's shallow holes near FNC being a bust - was this on DE3 or the unamed anomaly near FNC? More information would be greatly appreciated.

"I have been speaking with them (FWR) and here is what I have gathered so far:

1) Depending on the sucsess from SPQ/KWR drilling , they will time their own drilling on their 100%owned property, the earlies that they will start there will be May (so, do not expect any move on the stock until then), unless itis Windfall related.

2) My own conclussion at this time on SPQ's drilling, is that 1 and 2 were not looking encouraging (this in particular from the response of their IR person, Katherine(?), who would not give me the minimum information on Spider's progress....zilch) . If they woul've hit , the SP would've already reflected it."

"The information I have says that they have tested shallow holes near FNC and nada, empty.....they will have to go deeper.......and if they hit deep, it will be the mother load!!!

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