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: When MAC --said I want cash for the chromite----
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OK, the 17cents was way back 4 months ago but the huge move from 1.25 to over $4 was in the last month and this represented about 30% or the value of FWR at the time. I really think this was the trigger that got FWR going.

At the end of the day, FWR has been sitting between 20-25 cents for months and for people to now say it it worth alot more than the 4-1 offer of NOT is not realistic IMO.

Gl.

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