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: Constance Lake
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Cliffs (a big mining company headquartered in Cleveland Ohio with a lot of interest in the Ring of Fire), through one of its affiliates, owns a 75% interest in the Albany claims that Zenyatta intends to explore, and can take over this project if certain conditions are met. CLFN met with certain executives from Cliffs a few weeks ago and made them aware of the serious issues, and asked Cliffs to try to persuade Zenyatta to do the right thing. Cliffs has not come through with any assistance to CLFN.

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