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: Quarter IV Interest payment to RCF
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20 day average price of Noront ( not volume weighted) was only

slightly lower than third quarter's at 0.322 so expect the current

payment of 1,250,000 shares of NOT to be paid to RCF if they opt

to get paid in shares.

Much better year hoped for going forward.

GLTA,

Fossil

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