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: Closing of placement question

The financing deal will close by Feb 6th.  Once the SP hits 6$ for 10 days straight, whenever that is, the holders of warrants now have 30 days to purchase those warrants at 5$.  This is just to speed up the money in the kitty process as NOT develops.

Hope this helps,

Glorieux

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