Ann: Quarterly Activities Report, page-4

Amigos, its time to wake up to the facts. The Lynn Lake mining camp was the largest nickel producer in Canada at one stage, and even today it remains their 5th largest producer of all time. The mining by Skerritt at Lynn Lake prior to closure in mid-1970s was focused on selectively mining the rich cores of the plugs (ie the massive Ni-Cu-Co sulphide). These cores are surrounded by large haloes of disseminated sulphides which contain lower grades of metal sulphides. Those haloes were left behind by Skerritt. Today, with a nickel price of about US$35,000 per ton and, given the improved metallurgical processes & mining practices, it's likely that many of the haloes surrounding the ore bodies in the Lynn Lake mining camp, can be profitably re-developed and mined by Corazon. The diagram below shows the JORC of 116,000 tons of nickel plus copper and cobalt with an inground value of about US$5 billion. And that is with a 0.7% cut-off grade - today the metallurgy is improved to a 04.% cut-off, so that JORC will increase greatly. Take one of its deposits as an example. Corazon discovered El Deeps which has very high grade nickel sulphide and it is below the El Deposit (see the purple-coloured deposit on the left side of the diagram). From what I have read, the halo around the upper El deposit will be mined by open pit to 250 metres then the high-grade deeper deposit (El Deeps) will be mined. All of that planning is currently underway, but it may not cause an immediate rise in the shareprice. The discovery of a new big deposit at Fraser Lake by the current drilling, will be the factor which causes a rapid re-rate in the shareprice. Good luck all.