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: On another note...

since we will have six JV working in DE area and will spend few millions on drilling this year ,

I did a calculation of drills for the coming year for Norant exposure:

6 JV x 4 drills per month for six months= 144 drills ( starting march/april)

Norant 4 drills per month x 8 months = 32 drills ( starting Feb)

total 176 drills, all drills' locations will base on the 2007 airborne result , we need to find the % accurancy of the airborne mapping...

I do not use full year time as the remaining time is for the assay analysis...

we may add on drills that may have an obvious appearance ( without assays yet)...

if we add on BMK ,Prb and others,we may have at least 30% more drills for the year.

I do think June /July is the most critical time..

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