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: Lobster will eventually be served....

The BOD finally acknowledged shareholder fears of a low ball offer by Cliffs or another Major, due to our continued depressed stock price, and had to say something.

They threw us some crumbs from the table, not the Maine Lobster (Deep drill results) that we have been waiting for.

Intuition tells me they want to wait until the early fall to make the exciting deep drill assay announcements, which I believe they have in hand.

Back to drip, drip,drip....

J~

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