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: This confirms theories of the exploration team --

Slight corrections to my previous post are needed - firstly, these are very good results, confirm that E1 is now a deposit with enough high quality ore to be an economic mine. The fact that the company is excited about finding more, and about having their geological model confirmed, should show the potential they see to find a lot more. Does not in any way disparage what is already found. Just means that this has the potential to be a very large as well as rich ore deposit. Did not make this clear pehaps, in getting excited about potential future finds.

Secondly, I referred to E1A,B, and C as Pods; they should be called Lenses. Not sure of the exact difference, but better to use the correct terms.

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