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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Norm, thanks for your message. Our official statement on Thursday was as complete as you can get from aliases to punishment to further internal measures over the next 60 days. I can't discuss measures in detail as we don't want to give away site security. Otherwise, we don't have anything more to add.

You've watched our work here for a couple of years now and I assure you this is nothing more than an isolated case that I've dealt with as swiftly as I can.

You trusted me and this community during the proxy battle and I hope you can trust me again. Surely, I would hope we built up enough credit to warrant it.

Sincerely,
George

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