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: Well, if there was a major announcement to come....

The end of this week will be the first few trading days in the last 2 weeks without the uncertainty of the proxy vote. With this uncertainty removed, and the manipulation that was involved with it, we should start to return to a valuation more in line with our company.

This was in response to:

What is so special about the end of next week when you don't yet know of the outcome of the vote?

Glorieux

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