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: Proxy votes

Dear Fellow NOT Investors,

I have reviewed the proxy materials and sent back my response. Needless to say I have voted AGAINST resolutions #5 & #6.

Enough AGAINST votes will send a clear signal that they have not added value for shareholders during the current year.

Had they provided adequate results in the form of SP increase (any) and greater "transparency" , my vote may have been different.

I can't see anyone voting for these resoultions that have done their due diligence.

mynot against.

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