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: Let's get down to the business

"Noront has drilled up to hole #58. They certainly have enough "visuals" to report by now. Are they going to give us with the updates on 9 drills soon after PP is closed by Aug. 26th? Any opinions???"

I don't think we will get any visuals. It has been this BOD's position since they took power not to report on visuals. They also said that assays will be released once a target has been completely drilled, not a few at a time. I expect this to change a bit though with the amount of drilling they're doing at E1. I imagine we'll get assay reports once they get a batch of a decent number of holes back. I don't think they want to tip they're hand too early by reporting every hole drilled as they come in. I waited this long, and things are better now than they have been for over a year, so I'm happy to wait some more if it means we're drilling up more nicklel.

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