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
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We dont even have the money yet

B-Jay ..... Noront received the money when loan facility closed on Feb25/3013.

The upcoming vote will determine as to how the loan will be treated after one year.

It will either be convertible into shares at $0.45 rate and interest rate going to 8%

from 10% or if the deal is defeated interest will go to 15% for the remaining time.

GLTA,

Fossil

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