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: Raglan Review

I have been informed by a friend that I should disclose that Goldbrook is only a 25% owner of their prospective nickel property and a Chinese company holds 75%. This will explain Goldbrooks low sharevalue to some extent. However, the point made was the importance of the recategorization of reserves and instilling confidence in those reserves at this stage of Noronts developement.

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