Bargaining Committee Update

January 31st, 2007

To all

At 5:30 p.m., the Company presented the Bargaining Committee a full Final Offer of Settlement that the Union is currently reviewing in great details.

We will keep you updated as time permits. Our goal is to get a Collective agreement within the next 4.5 hours.

Thank You

Richard Paquin

Xstrata Nickel Unit Chair

Mine Mill 598/CAW