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: Promising Start

'07 was the discovery phase.We won't see that kind of action again until they start exploring the huge land package looking for Eagle 3.

'09 was a recovery year when sidelined $$ got back in.

IF the budget is defeated and an election is called we could be in for a typically slow summer IMO.

Kerry.

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