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: Diversity

I have said it before, and will reiterate. A major may take a stake in one or more of the ROF companies, but before there is any buyout there will be an amalgamation of said companies. As we continue to be long on this play we will eventually see a time when they start to discuss joining in some fashion. At that time we will know that they are talking seriously to a major.

Regards

K

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