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: Re: A not too timely - VERY POSITIVE RESPONSE

Excellent work NOTSTER!

This is a very positive response and just what we have been waiting to hear.

After the Province stated in their Budget that they were putting $$$ up for " Remote Airports and Roads", conditional on the Feds doing their part, we have been waiting for a response from the Feds such as this.

Even though they don't mention the RoF directly, there are several factors that suggest that some of these federal and provincial funds will be earmarked for projects in that region. I'm sure we all know what they are.

IMHO there are only 2 things that are preventing the sp of NOT,FWR,UC etc from being were they should be. One is infrastructure spending and the other is the emergence of a major to consolidate the holdings and put up some $$$. Now that it is getting clearer that some of the stakeholders are stepping up to the plate, the majors will sit up and take notice.

Many thanks to Snug and all those that have worked at this project....there are too many of you to name here.

SN



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