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: More nickel at Eagle one on a Friday

I talked to Karren on Tuesday. As 20-day initial drilling program (2.1 km in total) was completed by last week, Probes was tring to get the news release out once reviewed by Noront and BOD. Four targets in Phase I program were aimed for Ni-CU PGE finding in the jv property and the company is planning a deep-down drilling as part of Phase II. I wonder why PRB plans a deep-down drilling unless they hit something at the end. NOT owns 50% of interest in jv properties and invests an equal share of drilling expenditures. Such required cost may not be much to Noront (19 millions) but a small company like Probes wouldn't just spend $170K just for fun??

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