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: we are currently 1/3 or 1/2 of voiseys

SN, it is actually worse than 160 holes. Hole 151 I believe had like 2m of massive but it was not till hole 202 that they hit 104m of massive sulfides so like you, I do believe we have so much more drilling and possibilities left. This story is very far from over!

The more I think about our Eagle's nest deposit and our FWR offer, I am hoping for a 5-1 offer for the RoF assets and Mac and the shareholders can keep everything else.

Glorieux

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