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Re: alansnowcross2 post# 177061

Wednesday, 11/16/2011 10:45:53 PM

Wednesday, November 16, 2011 10:45:53 PM

Post# of 233823
NDA! NDA!! NDA!!!

Please be advised that the specific terms of
our option agreement with KAT Exploration are confidential and
accordingly we are not inclined to disclose any further information than
what is in the public domain.

Regards,

Robert Willetts
Chief Legal Officer, Ontario & U.K. Operations
Assistant General Counsel

Vale
Corporate Office Base Metals
200 Bay Street
Royal Bank Plaza, Suite 1600
Toronto, Ontario M5J 2K2

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