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: "Today was a little bit of gamesmanship from our fund friends

More than 'a little bit' and certainly threw out the rule book and lots of what we'd think of as 'fouls' or should that be fools?

Worst case is that Noront cuts back and makes the cash in the bank last longer by cutting back drilling during tough winter drill season. They'll still be working the 'majors' and getting together an overall understanding of Geology and various resources.

Best case is they do solve the E2 problem drilling and add a lot of tonnage there. Of course some nice holes from other Players wouldn't hurt.

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