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: Very Significant

Unfortunately I cannot provide any further information as there is little to report at this time. As for the ring of fire project, the Canadian Stimulus Fund Ltd. (CSF) has advised Minister Gravelle and Premier Wynne that it would be prepared to front the funds required to bring in the road if the Ontario government provided the simple noncommittal letter it was requesting. Unfortunately the current Ontario government continues to ignore CSF's request. People need to understand that several resource projects in Northern Ontario whom have come to CSF seeking capital are at a stand still whereby sustainable employment opportunities are not being created and economic growth not being seen in the North.

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