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: 4 drills now working on NOT territory

There was a drill loaned to WSR initially. I believe it was used for their hit. That drill program is over so the rig was returned to NOT.

There was a drill borrowed to HUI I believe it was and I believe NOT put out an NR advertising the beginning of their drill campaign with that one.

The have 4 turning for NOT right now. I'm hearing that from several different sources.

I thought Noront had an order in for 5. Correct me if I'm wrong please.

Don

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