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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As much as we might abhore the practice of granting options by resource

companies like Noront, it is a long standing,accepted, and i might add, legal

practice. Like everything else it is open to abuse.In my years of involvement

i have never seen, within the ranks of BOD or management in general,

anyone with Mother Teresa's persuasion. Frankly and never will see it.

GLTA,

Fossil

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