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: India wants Ontario minerals

Thanks Mynot

Switzerland, China, Britain, and US (especially Cliffs) are now officially warned that Ontario is real cozy with India. But I'm not sure how the arrangement benefits the private sector. India wants Ontario minerals. Ontario has the minerals. So how does this signing the MOu encourage India to bid for Canadian properties?

"Handique, who is in Canada as part of efforts to attract Canadian mining companies to India, said: "We look forward to work with Ontario constructively for early realisation of the MoU's objectives by formation of Joint Working Group and initiating the action in a definite timeframe."

Gravelle said the MoU recognised that Ontario and India have mutual interests in the mining sector, including geosciences development, mineral exploration, mine development, mine rehabilitation, health and safety and value-added processing.

He said the MoU will provide a solid framework for Ontario and India to strengthen existing business relationships and develop new ones."

-sg

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