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: A remark from Richard...

Well we certainly do not 'know' that hole 49 triples resources because Noront hasn't released details of any downhole geophysics NOR anything about step out holes to give idea of the size of the two lenses identified. IF we knew then the share price wouldn't be where it is today.

Of course there is 'more to come' because they've 20 Million dollars to spend on exploration but that doesn't mean it will come shortly or that it will all be fantastic because it's not done yet.

Dick Nemis is out of Noront and while I'm sure people there would be polite to him I'm also sure they wouldn't share anything about ongoing exploration as there is still bad blood on both sides.

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