Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: KWG Share Count as of 8 March 2012

"Two questions for you and others:

- Is that Special Share item now dead dead, and there is no chance that mangement could bring it back for another vote?

- The dual share system (single coin and 50 coins in 1 roll) will appear on the ballot as before, or management could have modified wording? Any corporate legal mind in the room?"

Item E (Special Shares) : dead and buried.

Item D (and J): not voted yet. Will be presented 'as is' to the shareholders for vote in Toronto on March 28. I think Cliffs will abstain from voting on this one, but I may be wrong.

GLTA.

BaBe.

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