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: Probe Noront JV

Hoov, the map attached was perfect in showing the promixity of the JV.

Thank you for sending it.

This JV is really a bonus for both companies since Noront knows better than anyone with the drilling experience of where to poke the holes. Money won't be wasted, riches will be found faster with co-operation and we shareholders will all benefit.

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