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: Eagle 1 at least tripling..... if not has tripled what happens if...

September announcement of $50 mill financing @ $1.25. $100mill debt financing. Announcement of winter road construction starting November. Announcement of camp facilities and stripping to start in November. first buyout offer. 2 months of haggling and the final acceptable offer comes in late December.

Regards

K

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