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: SP drop reasons so far..

With that stated, it is still a very good idea for the Company to REPLACE several Directors, as they can not add any more to the Company than they have already been Grosely over rewarded for.

Are these comments directed at the close to 2 million in severence Noront paid in 2009 to directors and employees.

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