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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The program will initially use ground geophysics and if warranted follow up drilling will be conducted.

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mynot...........As much as i hope that you are correct stating that Noront is one month

into Winter drill program, follow up drilling was not announced by them as of this date.

Use of ground geophysics was announced in early November.

GLTY and all,

Fossil

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