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In June of 2010 NAP signed an Option and Purchase Agreement to acquire the Legris Lake PGM Property, which is located south east of Company’s Lac des Iles (LDI) mine and property. Pursuant to the agreement, NAP can acquire a 100% interest in the property in exchange for cash payments totalling $0.3 million, advance royalty payments totalling $0.1 million, and a 2.5% NSR. A portion of the royalty can be purchased by NAP, and the Company has a right of first refusal on the sale of the royalties.

The property is comprised of 15 claims and covers an area of approximately 4,297 hectares. The property is underlain by mafic and ultramafic rocks and was optioned for its PGE potential. The property is at a preliminary exploration stage, however given its PGM potential and close proximity to the LDI mill presents an exciting exploration target.