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: Noront Holding Risk

This play is so undervalued it defies logic.

Right now we have little in the way of friction regarding this play.

Correct me if I'm wrong but the E1 hits will surely drastically increase our reasource. The continuation of drilling at E1 is whaT I have heard even from those negative on the play. Many have said something to the effect that they should or should have continued to drill E!. Well now we are and hitting some nice numbers. As for the hole we are waiting for, it sounds like they/we NOT are in just as much of a hurry as we are. The best part is that we will be notified.

With JoAnne on the payroll officially now, we will have much more cooperation with IR.

Our nightmare is over as far as I'm concerned. We have I.R with us, Wes is approachable and very exited to be on board but most importantly, we have much much more at E1.

I'm sure there are more interesting results from other areas but for competetive business reasons some things are just not told. Thats O.K.

A goodly amount of frustration over this play has left me and the old optimism is returning I am happy to say. Windfall rejuvenation doesn't hurt either.

Don

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