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: Human Factor

Thanks Hoov for your personal post to Vermillion.

Believe me, I do understand. And I did not mean to try to take you on at all.

I sense your frustration. And your emotion. And I have agreed that the board has


"been out of hand". I am more than willing to abide by any decisions.

But, one click away removes what we are really about. Second class? Must be a better

way. And more help for some hub leaders who truly have so much responsibility.

It will be very difficult to have a board as is being suggested. Most of the problem has

seriously cleared up.

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