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: As others have mentioned, B2 is not AT-1...

B2 is reported to be a gravity anomaly 800 metres east of B1. AT-1 is an EM anomaly 600 metres south of E1. B2 is probably just as far south from AT-1, as AT-1 is from E1.

NOT would have announced that B2 was found at AT-1 when they announced B2 - they would have to.

In addition, they still reference AT-2 when mentioning the location of both E2 and B1, so there is no reason to think they would not do the same if B2 was located at or near AT-1.

Regards,

B.

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