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: House Positions

House

Bought

$Value

Ave

Sold

$Value

Ave

Net

$Net

7 TD Sec

163,000

225,170

1.38

82,710

114,627

1.39

80,290

-110,543

2 RBC

63,650

89,163

1.40

21,000

29,157

1.39

42,650

-60,006

25 Odlum

20,100

27,939

1.39

5,000

6,950

1.39

15,100

-20,989

44 Jones Gable

20,000

27,500

1.38

5,000

7,000

1.40

15,000

-20,500

19 Desjardins

15,000

20,860

1.39

2,000

2,780

1.39

13,000

-18,080

79 CIBC

29,450

41,445

1.41

18,700

26,048

1.39

10,750

-15,397

85 Scotia

31,900

44,619

1.40

23,030

31,601

1.37

8,870

-13,018

33 Canaccord

15,300

21,367

1.40

10,000

13,750

1.38

5,300

-7,617

71 Brant

5,000

6,850

1.37

0

5,000

-6,850

81 HSBC

5,000

6,850

1.37

0

5,000

-6,850

14 ITG

3,860

5,426

1.41

0

3,860

-5,426

101 Newedge

1,700

2,329

1.37

0

1,700

-2,329

46 Macquarie

1,400

1,960

1.40

0

1,400

-1,960

6 Union

740

1,018

1.38

260

363

1.40

480

-655

12 Wellington

21,500

30,105

1.40

23,100

31,825

1.38

-1,600

1,720

36 Latimer

4,200

5,782

1.38

6,400

9,096

1.42

-2,200

3,314

9 BMO Nesbitt

36,900

51,258

1.39

44,400

61,961

1.40

-7,500

10,703

99 Jitney

40,000

55,780

1.39

76,400

106,418

1.39

-36,400

50,638

80 National Bank

14,500

19,832

1.37

77,800

107,133

1.38

-63,300

87,301

1 Anonymous

8,700

12,086

1.39

106,100

148,630

1.40

-97,400

136,544

Total

501,900

697,339

1.39

501,900

697,339

1.39

0

0

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