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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Actually, to answer my own question , per SEDAR MDand A (4/30/12 ) but current as of 7/16/12 :

"

Joint Ventures

Golden Valley

Golden Valley is a joint venture located in the northern portion of the Ring of Fire and operated by White Pine Resources Ltd. (“White Pine”). The initial drill program to assess geophysical targets north of Oval Lake commenced during fiscal 2009. The large property surrounds a copper‐

zinc discovery by Metalex Ventures Ltd.; a total of fourteen holes were completed at the joint venture in fiscal 2009 and12 holes were drilled in fiscal 2010 yielding copper‐zinc‐silver anomalies. As per the terms of an optionagreement dated August 19, 2008, White Pine and the Company are earning a 35% interest each in the property from Golden Valley Minerals Ltd.

*****************

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http://www.goldenvalleymines.com/sites/default/files/2011-04-07%20Option-JV%20Exploration%20Review.pdf

Bourdon Prospect - James Bay, Ontario (WPR/Noront Option-JV)

In the second quarter of 2010, White Pine Resources reported (News Release dated April

14, 2010) on results from a follow-up fall-winter 2009-2010 drill program on the

property. The information that follows was prepared by the joint venture partner and

program operator, White Pine Resources:

“The Joint Venture Project has recently

completed one drillhole each at the G1 and G3 anomalies. These anomalies were selected following positive results from a 2009 spring drilling program and a ZTEM survey which identified low resistivity anomalies directly over these zones suggesting that they could also continue potentially to greater depth. Drillhole G1-10-06, drilled to intersect the massive sulphide horizon at a vertical depth of 450m, again intersected massive sulphides from 498.85-506.45m downhole which assayed 1.68% Zn, 0.35% Cu and 0.18% Pb over 7.60m. Included in this interval from 498.85-503.0m downhole was 2.84% Zn, 0.46% Cu and 0.28% Pb over 4.15m. Drillhole G3-09-03 drilled to intersect the massive sulphide horizon at a vertical depth of 550m, again intersected massive sulphides from 596.12-596.28m which assayed 3.75% Zn, 0.025% Cu and 0.25% Pb over 0.16m”.

Exploration plans for the balance of 2011 are currently under review.

The Company staked a total of 85 claims (1,231 claim units) covering over 19,600

hectares (approximately 196 km

2) in the area of Noront Resources, Double Eagle nickelcopper-of Fire") regional exploration play.(now White Pine Resources Inc.) andNoront Resources Ltd.; each of these companies

can earn a 35% interest therein In order for WPR and Noront to acquire their respective

35% interest in the properties , in addition to making cash payments and issuing shares to

the Company, WPR and Noront must incur aggregate exploration expenditures on the

property of at least $5,000,000 over a three year period pursuant to the terms of the

agreement. The Company’s interest in this property is held through its wholly-owned

subsidiary,

Abitibi.

platinum group elements (Ni-Cu-PGE) discoveries in the McFauld's Lake ("Ring

The Luc Bourdon and Luc Bourdon West Prospects are under option to

WSR Gold Inc.
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