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: weekly wallace

From my understanding wallace, they have till Februare 2010 to buy the warrants, unless we stay at or about $6 for 10 days. I think we are well on our way for that now. I would be surprised if we went lower but if the general markets come crashing down again, who knows how far we can get dragged down. As for the June 7th expiry date, that is the date that the share holders from the PP can start selling their shares. It really has nothing to do with the exercice of warrants. I hope this helps.

Glorieux

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