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: The Market always knows... has proved true again

Many will digest the News over the weekend and then take action if they believe they should. Most times stocks do have a bounce before going lower again. After that can come a lasting increase. If that has happend already is yet to be proven. It will also be interesting to watch if the warrant holders will sell.

Nothing is worse for a mining conpany then any kind of assay problem. They do have copies of the cores and all might just have to be re-assayed. that will delay us for about 3-4 months, should that happen, but it will bring back confidence. I mentioned before that a possible legal issue might slow down getting asays we are waiting for now - we will see how that plays out.

The office has been talking about caught errors. Should that info have been made available as soon as it was known? Nobody seems to have expected this to get so serious. I expect that we have to expect a delay for several months and anything can happen to the price. Hopefully next week will tell the story and lets hope nothing else comes out of the closet.

The new results should help, but are not expected until late May and may be double and triple checked to make sure they are absolutely correct. Until then we are vulnerable.

We need an open mind, stay positive and reallistic.

GLTA

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