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: Baker at PEP

In late December the Noront release said they would be using the 5 million on general working capital and to advance the chromite and eagles nest projects. I think they want to work on the feasability update for eagles nest. I would expect the next few releases will be Issurance of Interset shares and sometime in late 2020 they may need to get money for general working capital purposes otherwise I don't know what else to expect.

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