Independent Nickel Corp.

Independent Nickel Corp.

July 31, 2008 16:00 ET

Independent Nickel Corp.: Shareholder Meeting Set for Hunter Dickinson Transaction

SUDBURY, ONTARIO--(Marketwire - July 31, 2008) - Independent Nickel Corp. ("Independent Nickel") (TSX:INI) announced today that, further to its announcement of a proposed transaction with the Hunter Dickinson group, it has set a meeting date of September 17, 2008 to consider the proposed $14 million financing by a private company in the Hunter Dickinson group. The record date for such meeting has been set as August 18, 2008. An information circular containing additional information regarding the transaction will be mailed to shareholders shortly after the record date.

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.

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.

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