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: Just got off the phone with RN

I am not sure about that (E4). They are keeping info tighter now and they have drilled the anomaly next to the FNC border as per RN and the last NR. They hit nothing on 4 drill holes but could not explain the mag high so something lies there, deeper and they were doing down hole geophysics and doing 50M line cutting. So they have not stopped looking at this anomaly yet. I do believe they have not drilled any more holes at this time but who knows...maybe they have drilled it again.

Glorieux

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