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: Some gossip in my circle

Maybe but I'd think that is lower priority than continuing to identify the composition of E2 with the two drills there and using other drill to test other potential zones.

Tough arranging crews and drills to work with jv partners and it's critical to put drills where potential return is maximum.

Maybe Noront will tell us more later if they can as priorities must change often depending upon what is found while drilling.

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