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: Comments about N.R.s

Came straight from JJ. On Friday she was in Denver finishing the last of her commitments for her prior firm and was flying from there directly to Vancouver to meet Wes on Monday morning. Having said that, I heard tonite that their is a NR for tomorrow after market and that it would contain assays so who knows??

Wes told me at the luncheon that we would have assays in mid September and well tomorrow is the 15th. When we got the assays from hole 49, Wes was in South Africa so I think Wes could be on the moon and we could still get news. The price action today did not indicate a NR was imminent fwiw.

Glorieux

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