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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Thanks for all your reports K. The fact that FWR is putting all their eggs in the Chromium basket is very signicant to me. They have done their research, gotten advice from industry, talked to everyone they could and after all that, are going all in on the Chromium. That speaks volume to me as to the future of the RoF. We are going to be a Chomium mine with nickel, copper, platinum, palladium, silver and gold as secondary minerals unless a nickel motherload is found. However, at this point, everything points to a Chromium motherload all over NOT, FWR, SPQ and KWG.

Glorieux

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