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: STIFEL Report dated July 26,21

Again just to clarify.  On the list of what Stifle relied on for their report..

15. The financial model of the Eagle’s Nest project as prepared by Noront, based on the 2012 Feasibility Study with updated assumptions from manamagent as revised by Stifel GMP

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