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: Old drill results from 2005

Snug reported that, in speaking with someone at Thursday's presentation, it was reported that there were only 3 assay labs in Canada. The following was my response to that:

With only 3 labs and an exponential increase in drill cores, I think folks may not be factoring in just how much this process could bog down. Imagine hundreds of cores to analyze and the months that it will take to get results back. It still may not stop the majors from recognizing the quality of the visuals, doing their own evaluations and deciding to move at bargain basement prices before the SPs achieve a level shareholders would be happy with. Mind you, the companies will know the value of their own discoveries just as well as the majors, even if it is not reflected in the SP. I would hope the financial managements would foresee this potential situation and be able to compensate.

It is only my intention to point out that there will definitely need to be added patience as good things rarely come to us in a straight line.

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