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: The newsreleases

From discussions I have had, both geologist have to look at the release, that is Neil Novak and Prof Mungall I believe. Then the lawyer looks it over and the final copy goes to Richard for final approval. So it has to go thru several hands before it gets put out. From what I hear the first report were Monday AM. Apparently, on Wednesday, they were still drilling hole#3 so they would want to get to the end of it, record everything, send the info in to Neil or the Prof, get it analyzed, write the report, the lawyer, Richard, to the TSXV and then released. These things take time. I just know that hole 3 is a barn burner but we will have to wait for the NR. I hope this helps understand the delay.

Hold tight,

Glorieux

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