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: A remark from Richard...

Poly, we may not know that these 2 lenses triple the resources of Eagle 1 but we do know that Eagle 1 a's longest intercept was 124m. Now, with hole 49 we have set 2 new records for intercept length: 149m and 178m...have to admit that this is very impressive...is it enough to guarantee what Noront is saying that they believe they have tripled the resources of Eagle 1a-NO! But I think they know more than they are letting on and without revealing their whole hand to the majors, are telling us that they know they have tripled their resources at Eagle 1a.

Eagle 1c also came in at $50 more per ton than Eagle 1a-that is very impressive when you consider that Eagle 1 was always viewed as ultra high grade...so would that make Eagle 1c super ultra high grade? OK all kidding aside, we have superb potential here and if the world markets can hold on for a few more months, we may all be very very happy investors/gamblers!

Cheers,

Glorieux

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