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: Ring of Fire: A Road and Railway through a Development Corporation

It's not that we thought you we crazy. On the contrary, there is much respect for you from the KWG camp.

There was only one differentiation. Due to the topological limitations of the east west corridor, it would only ever be a means to an end. East West could never be made to support the weight of the heavy and long term transport of chromite ore. However, it gives both Noront and KWG a great intermediary vehicle to get their mines established.

Once the North South railroad is completed, Noront can switch delivery of nickel concentrate in order to increase facilitation and minimize transportation costs of ~$6.33/t.

KWG (chromite) and Noront (nickel) is a natural Canadian collaboration on the East West route to build their respective mines. The East West service road allows for construction of the ONTC James Bay Port Authority railway from the north and south end simultaneously, shaving construction time.

Ontario has identified transmission expansion to Pickle Lake as a priority project and the Wataynikaneyap Power initiative Phase II could be accelerated and tied into the ROF East West route. The area First Nations communities power, communication and transport needs would be well served through the upgrade of the east west route and Ontario's commitment to the north south railway.

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