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: Raising the Bar (SP) with high sell orders!

Neil told me that Noront will be using 3 drills. When their JV with FWR is ready to drill, they will use one of these 3 drills.

My guess is that since drill 4 is very portable, they can maybe use it back and forth between jv...But NOT has enough anomalies and work to keep 3 drills going and that is the impression I got from NN yesterday.

Glorieux

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