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: Blockade???

Noront has not given out an update on the deep drills. They are ordered, custom ordered to Noront's specification because what we needed, a 2.5km drill that can be easily moved around did not really exist. They were hoping to have them by the end of February but I am not sure if this is fact or discussion from this board. I did not see that info in a NR so I think it was wishful thinking even though it may be fairly acccurate.

Once those deep drills are on site than we should be able to see how deep we go at Eagle's nest and see what lies at the convergence of the Eagle's nest/Chromite intersection.

Of course we need the FN logistic halt to be lifted first!

Glorieux

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