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: May 2, June 2

May 2 (next Thursday) is the day Wynne releases the Ontario Budget

and it is also the day that Baosteel's standstill provision with Noront expires

and the right to increase ownership to 19.9% also expires that day.

One month after that on June 2.. ...... Baosteels warrants at $1.16 each.. expire. Total number of warrants are 10,839,633.

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