Page 21 Contd from pg 20 increased to 400 metres by 30 to 60 metres with unknown thickness On July 31 the company provided a midyear exploration update with the following highlights Hammer copper PGE bulk sample proceeds received platinum group element PGE Pre Feasibility Study expected Q3 2012 permitting in Q4 2012 es at W i sner returned grab samples containing up to 235 gt platinum 262 gt palladium 0157 gt gold and 01 1 copper underway at Milnet with Impala Par kin Of fset Joint V e nture new Lonmin North Range Joint V e n ture underway Our 2012 exploration activities to date have continued at a high level in contrast to the lower level of ac tivities by many other junior mining companies This is mainly due to the strong support we have received from our Joint V e nture partners stated Kord W allbridge completed over 15000 metres of exploration diamond drill ing on its Sudbury area projects Exploration activities are ongoing focused on joint venture projects with partners Impala Lonmin and Xstrata Nickel At its Broken Hammer copper PGE project W allbridge had received the proceeds of its 201 1 bulk sample in full from Xstrata The bulk sample resulted in a net smelter return of about 41M or 143 per tonne and the Net Cash Flow of about 29M or 98 per tonne On June 19 2012 W all bridge announced an up dated mineral resource estimate for the Broken Hammer deposit which will Contd on pg 22 Advanced TIER 4 SCR Technology VOLVO PENTA INDUSTRIAL AND POWER GENERATION WAJ AX PO WER SY STEM IS PR OUD T O SER VE THE INDUSTR Y WITH L O CA TIONS A C R O SS CAN AD A EX CL USIVE V O L V O PENT A PO WER CENTRE SALES P A R TS SER VICE WARRANTY W AJAX POWER SYSTEMS REPRESENTS VOL VO PENT A IN ALL REGIONS EXCEPT ALBERT A BRITISH COLUMBIA YUKON AND NORTHWEST TERRIT O RIES WWW WAJ AXPO WERCOM 18887177131