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: what rof comapny would be nots next strategic

Spider controls a lot of land in the area, all of it JV'ed with KWG. BMK would be the second biggest holder, and SPQ/KWG would be third, but most of the better stuff is JV'ed to a 3rd party, such as FWR or UC. Most of it is very strategic at the moment and getting better.

Regards

K

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