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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This has to be good for NOT.

John Harvey, consulting geologist to WSR and a qualified person, recently returned from the propertyand reports the following. Hole 5.01-06 on north-south Section 1+50East, a 50-metre step-out from the previously reported hole5.01-01 (see press release in Stockwatch dated May 22, 2008), encountered, in highly altered felsic volcanics, a strongsulphide zone from 72.7 metres to 167.7 metres (95 metres) containing visible copper, zinc, lead andiron sulphide mineralization in semi- to near-massive sulphides. The dip and strike of the zone have notyet been determined and the true width cannot be determined at this time. Drilling is continuing withone diamond drill for the present, and samples are currently being prepared for shipping to anindependent assay laboratory where strict quality control procedures are in place and the results will beclosely monitored by Tracy Armstrong of P&E Mining Consultants of Brampton, Ont. Hole 5.01-01, reported in a previous press release in Stockwatch dated May 22, 2008, on Section 1+00, was followedby four additional holes on the same section. All of the four other holes encountered three main parallel,steeply dipping core lengths of sulphide mineralization with visible copper, zinc, lead and ironsulphides in an altered felsic volcanic sequence but were not as well mineralized as was observed inhole 5.01-06. DRILLING SUMMARY ON 5.01 TO DATE WITH SIGNIFICANT VISUAL SULPHIDE MINERALIZATION

Hole mineralization Visual description of mineralization
Hole No. From To Width
m m m

5.01-01 78.9 90.2 11.3 Near-massive iron, copper, zinc sulphides
103.3 106.0 2.7 Semi-massive iron copper sulphides
120.1 125.4 5.3 Iron copper, zinc sulphides
5.01-02 26.8 29.1 2.3 Iron, zinc sulphides
52.5 78.9 26.4 Semi-massive iron copper sulphides
98.8 100.3 1.5 Near-massive iron, copper sulphides
5.01-03 56.4 70.1 13.7 Semi-massive iron copper sulphides
76.1 83.8 7.7 Iron, copper, zinc sulphides
92.4 111.0 18.6 Iron, copper, zinc sulphides
5.01-04 30.5 36.3 5.8 Semi-massive copper, zinc sulphides
59.3 61.6 2.3 Iron, copper, zinc sulphides
74.1 84.7 10.6 Iron, copper, zinc sulphides
100.3 111.0 10.7 Semi-massive iron, copper, zinc sulphides
5.01-05 46.6 57.3 10.7 Semi-massive iron, copper, zinc sulphides
89.6 96.0 6.4 Semi-massive iron, copper sulphides
126.2 131.7 5.5 Semi-massive iron, copper sulphides
5.01-06 72.7 90.1 17.4 Semi-massive iron, copper, zinc sulphides
90.1 167.7 77.6 Near-massive iron, copper, zinc sulphides
NF: Not finished. The anomaly 5.01 project is managed and operated by Metalex for the joint venture partners undersupervision of Dr. Charles Fipke, chairman of Metalex and a qualified person. WSR believes that the recent drill hole results, with the presence of visible copper, zinc and leadsulphides being observed on site by the project's geologist, are very encouraging and could be ofsignificant importance to the joint venture partners if the assay results pending are favourable.Notwithstanding the foregoing, visible observations are estimates only and pending assay results maynot confirm visual observations in whole or in part. Dr. Fipke is the qualified person responsible for the technical contents of this press release.

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