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: Hole 49-58

The June 26th spike in volume I may have to take some of the blame for ;-)! That is the day I talked to Wes and he informed me we had 2 NR coming and one would deal with our low SP. So on June 26, he already knew we had hole 49 drilled and that it was going to be very good! However from there to August 20th, we have 55 days, not 24, so you have an average of 6 days per hole which is what I expect with down time and moving the drills around and drilling near vertical holes 1000m deep. So by July 15th, we would of had holes 50 and 51 drilled and finished and it is hole 51 that would of been the catalyst of July 15th. Bring on the assays!!!

Glorieux

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