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: Noront bid to be rejected - Mining Markets
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Clever move to appeal to FWR shareholders:

"Despite his contempt for Noront's offer, Watson suggested he would be interested in a straight cash deal for Freewest's chromite deposits but said he wants to keep Freewest and its Quest shares.

Watson says he would most likely dividend the cash from any such sale out to shareholders."

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