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: NOT and KWG reaction to cliffs

"In no way can KWG use it's right of way to build a transportation route only for it's own use."

Exactly the argument behind KWG's refusal to allow an easement to Cliffs... In no way Cliffs should be allowed to use KWG's route claims for its 100%-held Black Thor project while leaving its partner KWG drying alone with its minority Big Daddy share. KWG never intended to use its route claims for its exclusive sake. All the contrary... GLTA.

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