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: From SPQ Release regarding FN

From SPQ Release regarding FN

posted on Mar 05, 2010 11:18AM

Discussions are ongoing with Marten Falls First Nation and Webequie First Nation pursuant to a blockade established at McFaulds Lake, the blockade is still in effect. No exploration activity is currently taking place related to the Big Daddy project, and management of the Big Daddy Project has respected this protest since its inception. Management has recently been informed by Webequie First Nation that both Marten Falls and Webequie First Nations held a meeting on February 24th and they further resolved and agreed, and are now hopeful that the "resource companies" will work towards resolving the list of issues by entering into Memorandum of Understanding(s), at which time the blockades will be removed. Management of Spider will continue to work towards resolving the issues by engaging in meaningful discussions with both Marten Falls and Webequie First Nations.

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