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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Management

Wesley (Wes) C. Hanson

President and Chief Executive Officer

Mr. Hanson was formerly Vice President Mine Development for Western Goldfields, before the recent announcement of its business combination with New Gold Inc. and he previously held the position of Vice President, Technical Services for Kinross Gold Corporation. Mr. Hanson has held several senior positions in the mining industry throughout his 25 year career, where he has been directly involved in the engineering construction and commissioning of numerous mining projects in Canada, the US, Brazil, Chile and Russia. Mr. Hanson has a Bachelor of Science, Geology from Mount Allison University in Sackville, New Brunswick, Canada.

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