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: SHAREHOLDER CHRISTMAS

Our Christmas present got misaddressed. Seems someone thought it should go by way of the north pole and that fellow dressed in red is busy enough delivering priority parcels, so we will be lucky to get it in January.

Seriously, out of 10 chances I give it at best one for that present to arrive before Christmas, another one by first week of January, 3 in remainder of January and the remaining 5 for February.

A belated Merry Christmas to all.

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