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: PDAC 2009 thoughts

Snug,

I was at PDAC on Tuesday and I spoke to a lot of people about ROF etc and the person that I found to be the most arrogant and condescending was Ms JJ. My willingness to arrange a private meeting with Mr. Clement would be zero if she comes north of Highway 407. I met some very nice people and imho she did nothing to ease my irritation over the current situation. The NOT was poorly positioned and poorly staffed. I know many others who had different experiences but I'm just reporting my observations.

The best rays of hope I garnered at the show is that MGR will work their Windfall land this summer (part of the ramp is on their land) and KWG says there will be no road to the ROF.... it will be rail and it will be pumped by the govt. as part of the recovery strategy.

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