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: Tough love

1) Both Marten Falls and Webequie have thrown their hats into the Ring.  They both believe in the prospects of the Ring brining prosperity and hope for their people.  But as the proponents to the roads they must sit down and talk agreements with their collective communities....It won't be pretty, but must be done.  They all want the Ring, but only a few can and will control it....Those who it affects directly.

2) Noront is still moving forward, willing to follow the marching orders they have been given by their institutional counterparts.  They must, however, wait for the issues with Matawa to be resolved, or at least be willing to move unilaterally with both Webequie and Marten Falls if an agreement with the others cannot be reached.

3) Our new government is determined to turn Ontario around, create jobs and open our province to business.  Part of that involves partnering with our First Nations.  Ford knows where negotiations have failed in the past, and I do not think the PCs with both Rockford and Fedeli will make the same mistake.

4) We, as investors, must remain patient and allow these changes to unfold...They will happen this summer; IMO.

GLTA,

TM

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