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: ARM

Did mean to add the comment that while perhaps not comparible there is high value in seeing what miners in other environments are pulling off. It certainly does have relevance as long as everyone understands the environment challenges faced in the ROF. Building containment areas in such low lying areas will be quite a job and getting the local Indian bands 'on side' is critical.

Full marks to Noront for planning and working with locals right from the start.

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