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: Here's my take....

Iam's you write in reference to shorters:

"They are gamblers just like you and I.Imagine not hitting anything or poor grades with deep drills?The shorters might be gambling this,who knows."

Based on the evidence presented to us in NR's: important words like Follow on holes will be contingent upon the results and we are still deep drillling with 2 drills speaks volumes. The April 26 NR was clear. If results are crap we don't continue the deep drills. They continued. The only thing we don't know is WHEN the NR will come out. Either you gamble on the "when" date or you know when the NR date is and their is no gamble.

April 26, 2010

drilling has begun with one of the drills. Our current plan is to extend hole NOT-09-049 as deep as possible and once again utilize it as a platform hole for down hole geophysics. Given the depth of the planned drilling, the Company cannot reasonably determine if this deepening will or will not follow mineralization. Follow on holes will be contingent upon the results of this hole

June 3, 2010 EXPLORATION UPDATE: (still operating deep drills)

Plans for 2010 remain focused on completing the infill drilling and testing the Eagle's Nest deposit at depth. The Company has commenced drilling at prioritized geophysical targets proximal to the Eagle's Nest deposit. Currently we have six drills operating with five dedicated to the Eagle's Nest program. The sixth drill will focus on regional target follow up.

So...currently we have six drills going, 2 are the deep drills.

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