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: Gravelle in Timmins yesterday - very positive about Ring of Fire

"The largest and arguably the most exciting opportunities being what has been dubbed the "ring of fire", an area which saw a rush of staking in the latter part of 2007 in the James Bay lowlands.

Gravelle said the ministry hopes to position itself to take a co-ordinating and leadership role in its development and is something the whole of Northern Ontario should be excited about."

This is significant and although the Ministers comments are not definitive, they are a public recognition of the potential of the ROF and the Federal Governments interest in taking a leadrership role. This should auger well for us, now if we can only inject a little "sense of urgency".

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