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: ICDA nov 16/09...Ring of Fire is thrice the size of Sudbury

Jim,

All they are saying here is that the Ring of Fire intrusive (the red line on some maps) is three times the size of the Sudbury bassin and as a direct comparison, it is fairly accurate.

Now saying that they have three times the nickel or mineralization of Sudbury is a completly different story but that is not where they are going.

Glorieux

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