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)

Free
Message: Seems Nemis has been selling

Hope this works for those that are concerned about these things, I for one am not.

Latest Filings Over the Past 12 Months - Maximum 60

- Information that has been adjusted or estimated by INK - Amended filing

Transaction Holdings

Date Insider Name Ownership Type Nature of Transaction Security Price ($) Shares / Units Change* Closing Balance

Jun 17/08 Nemis, Richard Direct Ownership Disposition in the public market Common Shares 3.700 -10,000 -1% 1,649,590

Jun 16/08 Nemis, Richard Direct Ownership Disposition in the public market Common Shares 3.700 - 3.750 -67,800 -4% 1,659,590

Jun 13/08 Nemis, Richard Direct Ownership Disposition in the public market Common Shares 3.700 -2,000 -0% 1,727,390

Jun 11/08 Nemis, Richard Direct Ownership Disposition in the public market Common Shares 3.800 -12,800 -1% 1,729,390

Jun 10/08 Diges, Carmen Lydia Direct Ownership Grant of options Options common share 3.900 350,000 > 100% 425,000

Jun 10/08 Harvey, John Dennis Direct Ownership Grant of options Options common share 3.900 250,000 50% 750,000

Jun 10/08 Nemis, Richard Direct Ownership Grant of options Options common share 0.000 500,000 42% 1,700,000

Jun 06/08 Parisotto, Paul Anthony Direct Ownership Opening Balance-Initial SEDI Report Options common share 0.000 0 n/a 100,000

Mar 04/08 Blanchflower, John Douglas Direct Ownership Grant of options Options common share 0.000 25,000 33% 100,000

Feb 28/08 Blanchflower, John Douglas Direct Ownership Disposition in the public market Common Shares 6.152 -5,000 -7% 70,000

Jan 21/08 Stekel, Maurice Harry Direct Ownership Exercise of options Common Shares 0.100 100,000 n/a 100,000

Jan 21/08 Stekel, Maurice Harry Direct Ownership Exercise of options Options common share 0.000 -100,000 -50% 100,000

Dec 04/07 Harvey, John Dennis Direct Ownership Opening Balance-Initial SEDI Report Options common share 0.000 0 n/a 500,000

Dec 04/07 Harvey, John Dennis Direct Ownership Opening Balance-Initial SEDI Report Common Shares 0.000 0 n/a 694,000

Nov 16/07 Nemis, Richard Direct Ownership Disposition carried out privately Common Shares 0.300 -200,000 -10% 1,742,190

Nov 07/07 Graham, David Bruce Direct Ownership Grant of options Options common share 0.000 25,000 11% 250,000

Nov 07/07 Stekel, Maurice Harry Direct Ownership Grant of options Options common share 5.130 25,000 14% 200,000

Nov 07/07 Novak, Neil Direct Ownership Grant of options Options common share 5.130 100,000 n/a 100,000

Nov 07/07 Suttie, Robert Direct Ownership Grant of options Options common share 5.130 25,000 n/a 25,000

Nov 07/07 Nemis, Richard Direct Ownership Grant of options Options common share 5.130 100,000 9% 1,200,000

Oct 15/07 Novak, Neil Direct Ownership Disposition in the public market Common Shares 5.150 -50,000 -25% 150,000

Oct 15/07 Blanchflower, John Douglas Direct Ownership Disposition in the public market Common Shares 5.060 -5,000 -6% 75,000

Sep 28/07 Suttie, Robert Direct Ownership Disposition in the public market Common Shares 4.000 - 4.020 -75,000 -100% 0

Sep 28/07 Suttie, Robert Direct Ownership Exercise of options Common Shares 0.700 75,000 n/a 75,000

Sep 28/07 Suttie, Robert Direct Ownership Exercise of options Options common share 0.000 -75,000 -100% 0

Sep 28/07 Nemis, Richard Direct Ownership Disposition carried out privately Common Shares 4.030 -20,000 -1% 1,942,190

Sep 27/07 Novak, Neil Direct Ownership Disposition carried out privately Common Shares 0.825 -100,000 -33% 200,000

Sep 27/07 Blanchflower, John Douglas Direct Ownership Disposition in the public market Common Shares 4.070 -5,000 -6% 80,000

Sep 26/07 Novak, Neil Direct Ownership Exercise of options Common Shares 0.750 200,000 > 100% 300,000

Sep 26/07 Novak, Neil Direct Ownership Exercise of options Options common share 0.000 -200,000 -100% 0

All data based on insider regulatory filings which are subject to input errors.

* Indicates percentage change of shares or units held for the ownership type of the security traded. Many insiders have more than one type of ownership and each is calculated separately. See Holdings Summary for all holdings across all

ownership types.

See important disclaimer at the bottom of the first page.

www.inkresearch.ca

Page 2/5

Providing Insider

Providing Insider News and Knowledge to Investors in Canadian Markets

June 20, 2008

Holdings Summary (cont'd)

Includes any former insiders (please note the latest filing date as date ceasing to be an insider is only shown when available)

Charts are not adjusted for splits or consolidations

Other Officers's Holdings (000's)

Diges, Carmen Lydia

Latest Filing Date: June 18, 2008

Direct Ownership

Common Shares 100,000

Options Common Shares 425,000

Harvey, John Dennis

Latest Filing Date: June 13, 2008

Direct Ownership

Common Shares 694,000

Options Common Shares 750,000

Suttie, Robert

Latest Filing Date: November 15, 2007

Direct Ownership

Options Common Shares 25,000

See important disclaimer at the bottom of the first page.

www.inkresearch.ca

Page 4/5

Providing Insider News and Knowledge to Investors in Canadian Markets

June 20, 2008

Holdings Summary (cont'd)

Includes any former insiders (please note the latest filing date as date ceasing to be an insider is only shown when available)

Charts are not adjusted for splits or consolidations

Director's Holdings (000's)

Abolins, Uldis

Latest Filing Date: March 8, 2006

Direct Ownership

Common Shares 212,000

Blanchflower, John Douglas

Latest Filing Date: March 5, 2008

Direct Ownership

Common Shares 70,000

Options Common Shares 100,000

Graham, David Bruce

Latest Filing Date: November 16, 2007

Direct Ownership

Common Shares 10,000

Options Common Shares 250,000

Nemis, Richard

Latest Filing Date: June 19, 2008

Direct Ownership

Common Shares 1,649,590

Options Common Shares 1,700,000

Novak, Neil

Latest Filing Date: November 15, 2007

Direct Ownership

Common Shares 150,000

Options Common Shares 100,000

Parisotto, Paul Anthony

Latest Filing Date: June 19, 2008

Direct Ownership

Options Common Shares 100,000

Stekel, Maurice Harry

Latest Filing Date: January 21, 2008

Direct Ownership

Common Shares 100,000

Options Common Shares 100,000

See important disclaimer at the bottom of the first page.

www.inkresearch.ca

Page 5/5

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