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: Glorieux

Thanks for the reply, Buddy.

I understand where you are coming from, better now.

Also, you are right about the mineralization under Eagle 1. RN is very optimistic about this area, as you know.

On another point, the shut down of various nickel mines is good for Noront, even if the market isn't taking it that way. The less nickel being mined, the sooner a shortage occurs, and up goes the price.

Best regards, Canseco

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