Freewest Resources Canada Inc has announced the initial National Instrument 43-101 compliant mineral resource estimate for the Black Thor chromite deposit on its 100% owned McFaulds property. The 100% owned McFaulds property, consisting of 1,036 hectares, comprises one of three properties in the "Ring of Fire" metals district in northern Ontario that Freewest is exploring on its own or under JV agreements.

The Black Thor chromite deposit contains an Inferred Mineral Resource of 69,554,960 tonnes grading 31.9% Cr2O3. This Inferred Mineral Resource is based on a 25% cut off grade for chromite; utilizing different cut off grades for chromite yields a range of tonnes and grades for the Black Thor chromite deposit as set out in the table below. This initial mineral resource estimate is compliant with National Instrument 43-101.

The tonnage grade curve for the Black Thor chromite deposit set out below helps to illustrate the effect of different cut-off grades for Cr2O3 on available Inferred Mineral Resources. The mining and processing methods to be chosen will help determine what proportion can be upgraded to mineral reserves, as Inferred Mineral Resources do not take into account mineability and dilution.

Mr Alan J Aubut of Sibley Basin Group Geological Services estimated the mineral resource from a block model that was controlled by constructing a wire frame from the interpretation of geological cross-sections. The resulting mineral envelope for Black Thor extends from surface to a vertical depth of about 400 metres below surface. Block model grades were then calculated geostatistically using ordinary rigging.