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: answer from td re alpha and true volume

Dear Keegann,

Thank you for your e-mail.

We understand your frustration in not being able to view a multi-market
display of quotes. Although 30% to 35% of trades now occur on exchanges
other than TSX/Venture, Canadian market data vendors have not yet built a
best bid/offer quote that reflects this multi-market environment. Our
vendor is currently developing a solution to offer this data sometime in
2012.

Please be assured that we are committed to providing you the most accurate
and transparent market data available in the industry and that TD Waterhouse
will provide this data as soon as our vendor implements a solution.

Thank you for entrusting us with your business, and for your continued
loyalty in choosing TD Waterhouse Discount Brokerage.

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