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: What you saw today.....
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On the surface the sell-off looked pretty bad, but actually there was no broad based sell-off today as there were only two heavy net sellers - Anonymous with 3,478,500 sold and National Bank selling 1,733,500, although Anonymous buying back 2,188,000. Most of the other houses were net buyers, buying far more than they

sold.

Notmine

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