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: Interest payment

RCF received from Noront on Sep13/15 1,387,135 shares as Interest Payment on Convertible

Loan for the third quarter. Alas, that is quite a bit more than my calculation of 2.1 Million

shares + or - 100 K. Average price was $ 0.3435 per NOT share, close to my figure of just

below 35 cents per share.

GLTA,

Fossil

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