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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"Shareholders who wish to make a Retention Election should be advised that if, following the Retention Election Deadline, less than 20% of the issued and outstanding Common Shares are the subject of a Retention Election, Wyloo AcquisitionCo will acquire all of the Common Shares not already owned or controlled by the Wyloo Parties (the “Automatic Squeeze-Out“), including those Common Shares that are the subject of a Retention Election."

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