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/Matrix/ Shareholders

hI, I presume that you have spent time in the military? Since when is the lower exchelon ever made privy to what the elete are thinking or doing, even after the action?

I often wondered how my senior officer ever did anything correct, but somehow, he managed to luck out and kept me alive, or was extremely efficient and had tactical information / knowledge that I didn't possess.

So it is with our ROF operation. it is simply a case of trusting them to do the best for themselves, as well as us. If you don' t have this basic trust, then you are certainly foolish to stay in an operation such as Noront. I am in for the final.

Final point, maybe they are required to operate this way because of prior contracts or agreements.

Don Jose de La Mancha

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