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: Today

So, if I understand this situation, We spent the last 2 years evolving from an exploration company to a development company, with the resultant change of personnel. The end result of which is we have nobody on board anymore that knows the exploration end of things, which I could agree is a good portion of our problem.

Now we are going to about face and do the same thing in reverse, and this is good??

K

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