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: Description of what we are doing

Description of what we are doing

posted on Jun 27, 2008 05:03AM

in Windfall taken from the executive summary of the plan:

We are now at the door of the first 'Zone', #17, on the Murgor/Freewest side (25/25/50). What many of us are REALLY looking forward to is the zone on the NORONT side, W-2 to W-8 (100% Noront).

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Effort for the current report was concentrated on interpreting the pyritic mineralized zones with particular attention being paid to continuity. Plans and cross sections were interpreted simultaneously and a series of seven, approximately 065º striking zones were detailed. The number of zones was reduced from eight to seven following the 2007 interpretation. The pyritic mineralized zones were easily traceable from elevation to elevation and section to section and were named W-2 through W-8. The two zones identified on the Murgor Property by Murgor geologists, named F-11 and F-17 were also modeled.

There is another component to the mineralization, as the pyritic zones alone are not necessarily mineralized in gold from one elevation to the next or from one section to the next. Using metal factor values produced by multiplying grams Au/tonne x metres and color contouring the composite of Zones W-2 through W-8 and F-11 and F-17 on the longitudinal section, there appear to be several corridors, with an approximate 45º rake to the west and less obvious corridors with a semi-vertical to slightly western rake in which the metal factor values are consistently higher. Higher grades appear to need a combination of a

zone, (i.e. sulphide enrichment as defined by Zones W-2 to W-8 and F-11 and F-17) and silica and/or K enrichment, brecciation and/or injection of vein material along a secondary plane of enrichment (western rake).

Due to the sparse drill coverage on the property, it has been very difficult to develop a predictive model for the gold mineralization.

It is recommended to undertake a bulk sample of the auriferous pyrite zones to ascertain the content and dimensions of any potentially economic gold mineralization and other geological controls not evident in diamond drill holes.

P & E Mining Consultants Inc.

ii

Windfall Lake Report 138

To accomplish this task, an underground ramp is proposed to attain a final elevation of 100 metres below surface. The ramp should be positioned and driven in such a manner as to intersect the maximum number of zones where more reliable sampling and geological mapping can be accomplished.

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