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: Looks promising

With the large # of hidden placees and the declared buyers of the PP combined with the fact that we did not fill our PP at .80 means to me that very little shares could of been bought by a Major if any at all. It is nice to think this but I do not think there is merit in it at this point. However, our increased volume in the last 2 weeks is very interesting and if this keeps up, I would suspect someone big is accumulating.

Glorieux

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