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: Targets (ATs) vs. Eagles

Just to add that any AT# could end-up being, say, DE4, depending on the order in which the targets (ATs) are drilled. There is no connection between the AT# and the DE#, as the the target sequencing (identified by geophysics) and deposit discovery sequencing (discovered by drilling) are entirely independent.

Regards,

B.

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