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: 105 divided by 4 = 27 days, roughly 1 month, Nov 9 is the offer expiry date

25 companies were contacted to see if they wanted to buy Noront according to TD Bank,

2 companies conducted further due dilligence

only 1 party BHP wanted to negotiated an official  offers came in according to  Kingsdale, and TD Bank

Wyloo bid first on May 25, not an official offer

BHP responded on July 27

Company #3 is unknown at this time and is waiting in the wings, and watching it unfold, 

Wyloo has not countered BHP's bid as of today, 

There is 1 other company who has yet to offer an official offer, but could offer a bid at any time, which has not been disclosed.

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