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: Re: Matawa News Letter....Insight into Progress-Spend funds

"Also working with the RFA TPA Joint Workplan Team are two Ministry of

Northern Development and Mines (MNDM) Ring of Fire Secretariat staff

members."

Comment:

What caught my eye Ringer was the mere mentioning of the "Ring of Fire Secretariat". Up until now the Secretariat has been a sort of covert operation, whose name barely comes up in the media, and whose purpose has come into question. Now, in this news letter, we see the MNDM Ring of Fire Secretariat is being presented as a new addition to this TPA process, which I believe signifies a degree of progress. Their voice here tells me that increases in funding directly associated with the Ring of Fire may be in play, and that the need to determine how these new funds are to be allocated is being addressed.

TM.

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