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: Cons. Fin. Statements/ Dec 31/14
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Loking at a list of outstanding Options as of Dec 31/14, 250,000 Options with

exercise price of $ 1.36 and expiry date of June/2015 not on a list. Forfeited?

Could not find out who those belonged to. Also, this Dec 23/15 will see another

150,000 Options priced @ $ 1.25 either expire, be forfeited or execised.

IMO those Options are first in number of years that stand even chance of being

in the money before expiration. It's about time. After that there are no Options

priced over $.88

GLTA,

Fossil

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