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: Spoke with Neil Novak

Spoke with Neil Novak

posted on Oct 02, 2008 08:17AM

The main question I asked was,

"Is there anything negative happening with Noront, that we will find out later, that is the cause of the the huge share price drop today."

NN answered, "absolutely not", "all projects are proceeding as planned"

Let me just say, that I have spoken with NN several times before, and there was nothing in his tone or content, to cause me to doubt him in any way. I realize none of this means squat to any shareholders who were unable to hang on, but for those still in, I fully believe him. There are no negative surprises behind the scenes.

Briefly, on the topic of assays, Neil explained to me that there is a new method of dealing with assays, that should speed things up somewhat. Sorry, it was too technical for me to be able to explain, but good to know anyway.

Holding with confidence, Canseco



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