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: So what does the Noront BOD say now??

Does the board now not support the BHP bid? I am wondering what Vale thinks of all this? Does Vale really want to see either BHP or Wyloo getting the big prize in their own backyard? Sudbury has a smelter and lots of infrastructure ! Keep an eye on Vale !

Rico

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