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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Now that !.45 Millionn of .62 cent Options are history, relegated to expired Options

heap, lets look at other Options exercisable untill the end of this year.

1) 100,000 @ $ 2.15.....good to Sept ?/14

2) 700,000 @ $ 1.84.....good to OCT 15/14

3) 290,000 @ $ 2.09.....good to Dec 11/14

It is fairly safe to say that those will most probably join 62 cent ones unexercised.

GLTA,

Fossil

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