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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Trading Hours

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The following trading session hours of operation are as follows:

Toronto Stock Exchange and TSX Venture Exchange

TIME (ET)SESSION
7:00 AM - 9:30 AM Pre Open - Orders may be entered, but will not be executed. The COP is displayed and continuously updated.
9:30 AM Market on Open (MOO) - All matching orders are executed at a single opening trade price with any remaining orders carrying through to the continuous limit order book.
9:30 AM - 4:00 PM Continuous Trading - All regular order types are accepted.
3:40 PM - 4:00 PM Market on Close (MOC) - Cut-off for MOC orders is at 3:40. MOC imbalance is published at 3:40 after which Limit on Close (LOC) orders opposite to the imbalance side are accepted (subject to a price collar) into the non-displayed MOC facility. Trades publish at 4:00 unless a Price Movement Extension is required, in which case trades publish at 4:10.
4:10 PM - 4:15 PM Post Market Cancel Session - During this session, open orders may be cancelled by the dealer.
4:15 PM - 5:00 PM Extended Trading Session - Orders at the last sale price are accepted, but trades may only occur at the last sale price except for regulatory approval of a specialty price cross. Day orders participate in this session. MBF session for option expiry takes place during Extended Trading once per month, the evening before an option expiry day.
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