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: Looking Forward

I phoned Joanne about 2 weeks ago. I asked if news would be out soon, knowing she could not be more specific than that. She said yes. I asked if we could expect visuals on holes 50, 51. She said that would be in a news update. When the news came out, guess what? no visuals so on Friday I phoned her back to ask why. I was told she didn't think she said we would get visuals as that is not the company policy unless they are 'spectacular'. She also said all further holes will be for BTEM (?) as well.

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