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: Rieveley comments
Date: Jan 06, 15 07:51PM Pete(cupcake):- I too talked to Greg R. (On dec 19th) as explained in my PM message to Paliman on Jan6/15. This pm was in response to Palimans' open posted question to the NOT board- "had anybody talked to management latel". My jan 6/14 response to Paliman follows. Pete' s today (jan 13/15) post releases me from my self imposed not posting of my Greg R conversation of dec 19th. I have some comments: 1. Is A Coutts still involved? .. Doing what? CLF Negotiations? Fed govt / ON negotiations? 2. Will the Feds call early election (spring)? 3. Will ROF fed support be part of the election platform strategy? 4. Will including Gravelle /NOT already underway help and/or ON/Wynne help be the win-Wynne mutually beneficial jobs strategy? 5. Will these ROF/NOT/KWG? Etc announcements be made in sept/oct 2015 run up to the fed election mid October OR 6. Will the same thing be announced earlier for the Fed called spring 2015 Fed election? Reveilly said the FS was delayed a year, but that the long awaited EA permitting approvals were receiving the full court press with Gravelle/ Rickford hands on, and had already started with the LondonUk conference Gravelle/Coutts meetings in December. Another year, but maybe the successful end is in sight, Peter , in FLA To: paliman Subject: Private, please. Paliman:- Greg Rivelly, Noront COO and CFO, returned my two week old call to Alan Coutts on Friday, Dec 19th It was my first call with Greg and was not prepared with my usual questions. I purposely did not post the conversation because it was a bit of a downer, and it was Xmas. In summary, there will be no winter road,drilling or anything like that, including a CLF land buy, (which KWG will never be considered due to KWGs lack of above water land to enable drilling its chromite. Only NOT has this land drilling platform ability, not mention the financing ability. Banks are waiting for government derisking with FN, infastructure, energy, and permits. The de risking will take 6-9 more months of negotiations. Gravelle and Coutts, and other ON ministers have met frequently, and are cooperating to help the Feds who are heavily involved, and supportive (Rickford) The revised FS has a mine operation start date of calendar q1/18 as a result. This will happen , but a year delay due to permits/EA/FN, plus ontario getting their Devco act together, per Rickfords published "advice" to Wynne. ON totally unprepared, and all prior proud cements were 100% election BS,. Reveilly said every effort by NOT would be to make nice, and feed info to Gravelle, etc so as not to embarrass the Liberals. Please do not post this info, it wouldn't change anything and I think the fed election will trigger something in the early fall 2015. But it will happen. Happy New Year and regards, peter.
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