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: Re: RoF Claim Holding Map (incl. "RFI" and recent hit locations)

The AT12 anomaly was chosen after new Geophysics where done. They were not happy with the results they were getting (AT3 and AT1 shallow were busts) and they re-did the area with VTEM as this has proven to be the most predictable method. Now, using that method, AT12 was moved up in scheduling. Apparently this target was the best according to the VTEMs and its signature most resembled E1. So even though holes 1 and 2 are not great, I still expect very good results from AT12. The map from FWR shows AT12 as the tail of a much larger system. Now I know you cannot trust those things but they are a tool and do give us some info. The third hole at AT12 has moved closer to the body of this anomaly and I believe will yield better results than the first 2 holes that were drilled at the northern edge of the anomaly.

There is a lot to look forward to and this is not the time to be out of position!

Glorieux

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