Independent Nickel Corp.
TSX : INI

Independent Nickel Corp.

April 28, 2008 06:00 ET

18 Metres of 1.5% Nickel Drilled on Independent Nickel Corp.'s Lynn Lake Property

SUDBURY, ONTARIO--(Marketwire - April 28, 2008) - Independent Nickel Corp. (TSX:INI) today announced the discovery of a new zone of shallow high grade nickel mineralization on its property at Lynn Lake.

The discovery, on Independent Nickel's 100% owned Lynn Lake Nickel property, was made by Western Areas NL (TSX:WSA) close to a property boundary between Independent Nickel's property and Western Areas property. Independent Nickel has notified Western Areas that the drill hole intersections are on Independent Nickel's property. The two companies intend to commission an independent land survey, in order to establish the precise location of the boundary between their respective properties.

The intersections of high grade nickel on Independent Nickel property, as announced by Western Areas on April 23, 2008, include the following:

- LL015 intersected 18m @ 1.5% nickel, 0.7% copper and 0.04% cobalt from 96m down hole (86 meters vertical depth).

- LL017 drilled from LL015 collar, 20 degrees to the west: intersected 22m @ 0.7% nickel, 0.4% copper and 0.02% cobalt from 67m down hole (62 meters vertical depth).

- LL018 drilled below LL015 intersected 5m @ 1.1% nickel, 0.6% copper and 0.03% cobalt from 86m down hole (82 meters vertical depth).

Furthermore, Western Areas has now delivered to Independent Nickel Corp. drill results for hole LL016, which can be summarized as follows:

- LL016 intersected 14m @ 1.4% nickel, 0.7% copper and 0.03% cobalt from 72m down hole (55 meters vertical depth).

Subsequent to the Western Areas press release of April 23, 2008, Independent Nickel surveyed boreholes LL015 through LL018. As a result of this survey, it was concluded by Independent Nickel that these four holes were drilled from Independent Nickel property and that all reported intersections occur on Independent Nickel Corp. property.

Independent Nickel is confident in its conclusions, having previously contracted a land surveyor to re-establish the historic mine survey. According to that survey, the minimum distance between the LL015-LL018 drill collars and the mutual property boundary is approximately 38 meters. Independent Nickel also notes that, while its mining lease boundary has legal precedence, the Western Areas option claim post location coincides very closely with Independent Nickel's survey of the corner location.

The location of the Western Areas discovery drill holes relative to the two companies' mutual property boundary is illustrated in a map and cross section available in the Company's web site (www.independentnickel.com) or by following the following links:

- Map: http://www.independentnickel.com/boundarymap.pdf

- Cross section: http://www.independentnickel.com/crosssection.pdf

"This discovery on Independent Nickel property is a very positive development" stated Independent Nickel President and CEO, Richard Murphy, "Independent Nickel believes that this could be the tip of the iceberg, with respect to identifying a new nickel/copper deposit at Lynn Lake."

"We have always had a very positive working relationship with Western Areas and we expect this to continue."

Independent Nickel has a drill on site, which will be moved to commence work in this discovery area within the week.

About Independent Nickel Corp.

Independent Nickel owns 100% of the Lynn Lake Nickel Mine, located in Lynn Lake, Manitoba. The Company also owns a Net Smelter Return Royalty ("NSR") on Victory Nickel Inc.'s Minago Nickel Property, also located in Northern Manitoba. The NSR pays the Company 3% of all mineral product value when nickel prices exceed US$6/lb.

About Western Areas NL.

Western Areas is an Australian-based nickel sulphide explorer and producer listed on the ASX and TSX. The Company is targeting production of 35,000 tonnes nickel p.a. by 2011. The Company's core asset is the 100% owned Forrestania Nickel Project, located 400km east of Perth, Western Australia.

Western Areas also has interests in 3 substantial projects in Manitoba Canada including the Lynn Lake option claims adjacent to Independent Nickels mining leases, McBride Lake and an 18% interest in Canadian listed Mustang Minerals Corporation (TSX:MUM).

Assay lengths reported in this release are core lengths. Due to the irregular nature of some of the orebodies at Lynn Lake, true mineralized widths cannot be determined at this time.

Samples of half core from the drill holes described in this release are prepared and analyzed by ALS Chemex in Vancouver for nickel, copper, cobalt and other elements. Core samples are crushed and pulverized to 90% passing 75 microns then analyzed for nickel by ore grade determination using the ME-OG62 method. The information within this report as it relates to exploration results is based on information compiled by Mr. Julian Hanna from information supplied by Western Areas Exploration Manager, Mr. Robert Barwick. Mr. Hanna is a member of AusIMM and is a full time employee of the Western Areas NL. Mr. Hanna has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Hanna consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. The Qualified Person responsible for the technical content of this news release is Richard Murphy, P. Geo., President and CEO of Independent Nickel Corp.

This document may contain forward-looking statements relating to Independent Nickel Corp.'s (INI) operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond INI's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. INI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Contact Information