Pure Nickel Inc.
OTC Bulletin Board : PNCKF

Pure Nickel Inc.

November 08, 2007 11:33 ET

Pure Nickel Initiates Confirmation Drilling Program on Its William Lake Property in Manitoba

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2007) - Pure Nickel Inc. (the "Company") (TSX:NIC)(OTCBB:PNCKF) is pleased to announce it has commenced the first phase of a planned two phase drilling program on its 100% owned William Lake property located in the Thompson Nickel Belt of Manitoba.

William Lake is one of the principal properties acquired in the Xstrata Canadian Property purchase by Pure Nickel in July, 2007. Since the acquisition, the Pure Nickel exploration team has compiled a considerable amount of historical drill and geophysical data from the various Falconbridge/Xstrata Nickel drill programs undertaken from 1989 to 2002. The areas of known mineralization on the William Lake property extend over 15 kilometers in length. William Lake is close to metallurgical processing infrastructure at Thompson and Flin Flon, Manitoba, is well located along the major North South highway and is bordered to the East by the regional electrical power lines.

The initial phase of the 2007-2008 drill program will be targeting known mineralization in areas with historical intercepts. Drill targeting was developed coincident with the preparation of a NI 43-101 Independent Technical Report by Scott Wilson Roscoe Postle Associates Inc. (previously reported in news release dated September 19, 2007). This drill program is intended to confirm the grades and intercepts of the existing mineralized zone and will expand the Company's knowledge of the nature and extent of the known nickel mineralization on this highly prospective ground. The Company expects drill results of the initial phase of this program early in the New Year.

"Commencement of drilling at William Lake is consistent with the Company's continuous and aggressive drilling and exploration program. The high priority William Lake drill targets reflect management's focussed approach to exploring its exploration properties in areas of strong infrastructure and known mineralization. The drill targets have been selected following a lengthy analysis of historical data and preliminary internal results from the NI-43-101 Technical Study currently underway. Based on the strength of historic results and the potential of the property, we intend to spend considerable time and resources to locate and define high grade nickel and PGE targets on William Lake in the world class Thompson Nickel belt" said CEO J. Jay Jaski.

In addition to the ongoing drill program, new airborne VTEM, ground and bore-hole geophysics will be employed to update the existing historical data and will advance the project at an accelerated rate.

Cyr Drilling International Limited of Winnipeg, Manitoba has been contracted to carry out a minimum 3,000 metre drill program on the William Lake property. Operations will be based out of a newly constructed mobile camp.

Phillip Mudry, P.Geol. is the Central Region Manager for Pure Nickel Inc. and is the designated Qualified Person (Q.P.) for the William Lake Project. Mr. Mudry will be supervising drill hole planning, implementation and quality control/quality assurance programs at the William Lake project for 2007-2008.

About the William Lake Property:

The 30,890 ha William lake property is located in the southern, Paleozoic covered extension of the Thompson Nickel Belt ("TNB"), southwest of Thompson, Manitoba. The TNB hosts a number of massive to disseminated nickel sulphide deposits, most notably INCO's (CVRD) Thompson mine.

About Pure Nickel Inc.:

Pure Nickel is a mineral exploration Company with multiple, advanced nickel sulphide and PGE projects in Canada and Alaska. The Company's 2007 exploration program is underway on multiple properties and is fully funded.

Total Shares Outstanding: 67.766 million

Fully Diluted: 92.410 million

52-Week Trading Range: C$0.67 - $1.65

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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