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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Companies continue to use the terms as if they mean something different...

- scoping study

- preliminary FS

- FS

- bankable FS

Sudbury Novice............Without taking sides,it is mind boggling that two

companies would have totally different interpretations on 3 or 4 major

points of a routine Option Agreement, like Option Agreement detween

EAG and NOT.I can hear messy sound of Lawyers salivating already.

GLTA,

Fossil

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