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: Vanadium

Nice to know they can build a mine with a Vanadium concentration of only 0.486 V205. Our numbers today on the concentration side are therefore interesting for sure. Now we need to know how big this thing is...I guess we have to keep drilling.

At some point the scales will tip and it will be obvious to more that us longs that this area will be a mine and then we should get our proper valuation. I still cannot believe the whole area has a market cap under 300M dollars.

Glorieux

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