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: Snug speaks to NN about SPQ perspective on KWG news, see SPQ board

NN is confirming what I have been trying to say this morning. Cliffs has arranged the groundwork for a possible takeover of KWG. Once the option papers are signed they have it in the bag. And all for an initial layout of 150k, with a return of 50k if things fall apart. If they take a month or 45 days to complete this, and KWG goes to 15cents, there are going to be some pissed shareholders there.

Regards

K

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