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: Retail shareholders-can we unite again?

It seems as though we are somewhat divided already...but thats OK. I feel confident that if need be we will get together as before and do what is necessary.

As for the BOD, it will be difficult, but as RN said we have to have confidence in this new board that he had much influence in selecting. So, I will begin and offer the new BOD my support and trust....and I will trust them till they violate that trust. When that happens I will be on the horn to Glorieux, all the time hoping it isn't too late!!

A277

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