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: NOT in Investor's Digest

"That CLF is publicly communicating these mining intentions, especially about the infrastructure and transportation is huge for NOT! And with a timeline as early as 2015 also has grande implications. The stage has really been set for some decent drill results."

This may well be the case, though there was enough hardship issues mentioned (insert "swamp" talk) with comments about whether to move ahead based on studies etc. in the future that may have the desired affect on the other plays as far as CLF is concerned. It's still 5 yrs down the road and though we know what it means others will likely decide to play slowly and carefully with their investment dollars. I'll look forward to any movement in sp we can get but I think it will come out of what we present to the investment community not so much on what CLF has just said.

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