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: info from London

I was talking to a few guys in the financial sector and the subject of Mcfaulds and the ROF was discussed. A lot of the money market guys know about the ROF and Cliffs and Noront . For them the problem with investing their clients pounds or euros has nothing to do with the miners but has everything to do with the OntarioGovernment. From their perspective " talk is cheap the Government has to start to commit actual dollars to the infrastructure before they are willing to invest". As one guy said to me " what the hell good is finding the ore if you have no means of getting it out". They have a point. Anyone up in TB or Sudbury have an opportunity to talk lately to the Minister?.

I'll be here for a while , I'll keep talking to the guys

GLTA

Joe

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