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: Management's & Discussion Analysis July 30 2010

Hello IAMS

Both of the reports you brought to our attention are for the year ending APRIL 3O, 2010.

Better late than never! :)

My guess is that the Deep Drill assays that we are anticipating will not be announced until September when all the Suits have returned from vacation, and that some sense.

Jacki

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