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: Very special thanks!

Very good summary Don. My thanks as well.

I did not expect to meet fellow Sudburian Richard Neimis. What a great opportunity to get his opinion on many issues relating to the RoF. Thanks so much to QQ Girl. Here are some of his comments:

There will be a world class chromite mine in RoF..it is just a matter of time.

Your investment is backed up by the huge reserves that already are identified and in the ground with more to come. Drilling has just begun and there will be many more reserves uncovered.

The cost of infrastructure can easily be covered by the value in the ground.

The Cliffs option on KWG is an important first step but it is just the start of deals to come.

Noone is delaying assay results....they take time and they want to get it right.

Other interesting comments from various company management people (without naming anyone):

We have had several major mining cos asking us about possible buy ins.

We will not sell out at a low price...we will drill drill drill before we entertain an offer.

There have been other meetings between Cliffs and other RoF companies.

There were some comments made suggesting that some deals have already been agreed but that was not confirmed and also RN said that was not his understanding.

Thanks again to all the agoracom posters in attendance, to Jim Voisin, to the FWR management gang and to George at agoracom.





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