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: MR NOVAK'S conversation

MR NOVAK'S conversation

posted on Feb 14, 2008 07:14AM

1 He has an idea as to when results will be in for Rhodium

2 Drilliing- 2 drills turning -

RE other anomolies- there is no set spacing on holes until something is found then they set the spacing for holes

3 NOT camp is only accessible by NOT employees or people authorized to be there- info passed on by one individual ONLY and ONLY passed on to Mr. Novak

4. Red LIne on map - is geophysical trend with higher MAG occurring on the inside (MMS) and lower Mag on the outside (VMS)

5. Assays- up to Christmas was to 29, Jan was 28 , since 30 -36 ,NOW outlying areas

NOT diappointed in time when paying for RUSH orders so negotiating with other labs to have NOT cores PRIORITY over others

NOT were very concerned re drill cores- do not want NOT cores assayed with any other CO. to be sure results are true.

6 aerials- prelim info on certain blocks , if its -38 or below choppers cant fly by law so a little slower . McFaulds Co.'s went together on Aerials to lower the cost as opposed to doing each seperate.ground followup underway

7 Burnt Hill- Cadillac finished drill program- working on 43-101 as we speak, expected by end of Feb. assays not yet released

8. Windfall- miners to start blasting to get portal set up , all permits approved etc.

9. 43-101 - he is very hesitant on this as he does not want to portray false values . They are working on Grade/Tonnage/cant remember LOL .as a part for the 43-101 but it is a complex report so will take time.

10. OT since he is also on SPQ, I asked- SPQ has prelim aerial and ground followup is underway. He has drill holes spotted and has his starting point picked, thinks it is right on the red line of map where Chromotite(sp) discovered, project Geo copming in last week of Feb.

Sorry for the delays but trying to be as accurate as I can be

Mr. Novak states that NOT is doing the exact thing he apologized for be guarded when answering questions and I do not blame him. He stated that he is being very careful in his wording so I am trying to ensure that I do not give the wrong impression as I was very pleased with himand his desire to keep the finish on NOT untarnished by as he said " giving ONLY the FACTS"

Mr. Novak was very informative and helpful in explaining things mentioned that I do not fully understand and I thanked him for his time and patience.

LONGER and STRONGER on NOT

Coop

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