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: Stalemate?

Ontario represents the crown for certain things - it was also a signatory to Treaty 9.

The Feds being part of this would only complicate things. FNs would ask for more money, the feds would stand by their stance, otherwise they would have to do the same for all other FNs.

The feds will contribute along the lines that they have said before -- give us a plan and so meaning an agreement with FNs as well, and we will fund you through existing mechanisms.

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