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: Re: this news should have pushed us to 160-1.70

The problem is that we have to put our good news in context. We are only a small part of the resource stock universe.

The US Gov't has a jobs news release tomorrow, so they always take down the price of gold and silver ahead of the news release. They have done a good job Wed and Thurs in pulling down precious metal stock prices and metal prices. Many of the pm stocks as well as NOT are on the TSX-V. Looking at the TSX Venture you can see most of the exchange had a bad Wed and Thursday. Our timing was poor and the announcement should have been deferred until after the jobs report and made next week. I assume that the entities that wanted to suppress our sp knew this and also took advantage of this situation. However I fully expect that these great results will be fully reflected in next weeks sp. Hopefully we can have another good NR Monday or Tuesday.

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