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: All's Fair in Business?

Hey Sam!

You are l00% wrong in thinking that there was a dig directed at you. My observation related to the back-and-forth that has been going on for eons with no productive results. Absolutely no personal reference was intended.

This is still a (partially?) free country and you may, of course, play the semantics game to your heart's content. I just can't see where Noront (whatever one may think of our BoD) has done anything so horribly wrong? If a share offer done in public is "hostile" we must have plenty of mean actors in our mining industry community.

I sincerely hope matters do not become actually hostile.

Best to all FWR & NOT shareholders!

O.F.

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