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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For the record Joe Hamilton is a director for the company and as such not involved in day to day activities of the company. He has been a leading person in the Chromite part of our business and he just returned Friday from a trip with our CEO and CFO to SA. I am sure he is up to date with everything now but at the time of the sale, info on the nickel side of things which is what currently is driving our stock, he may not have had all the info.

He is still sitting on 600k share options priced at 0.80 for the record. If he starts selling these, then I would be much more concerned. Remember, only one reason to buy, many reasons to sell.

G.

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