First Nickel Inc.
TSX : FNI

First Nickel Inc.

September 28, 2005 08:30 ET

First Nickel Assumes Mining Operations at Lockerby Mine, Sudbury

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - First Nickel Inc. (TSX:FNI) today announced that the mining contract made between F.A. MacIntyre Limited and First Nickel for the Lockerby Mine has ended. The 57 people currently working at the Mine for F.A. MacIntyre will become employees of First Nickel effective October 1, 2005. Development work and other mining activities will continue without disruption to enable the start of ore production in early October. Three pieces of F.A. MacIntyre equipment will continue to be leased by First Nickel which will contribute to the seamless transition.

"We wish to thank F. A. MacIntyre Limited for their work in preparing the mine for the re-start of nickel production and hiring a skilled and experienced work force." stated Elizabeth Kirkwood, President & CEO of First Nickel. "With the experienced mining team in place at the Mine, and under the guidance of John Haflidson, P.Eng., First Nickel's Chief Operating Officer and Myron McCormick, the Mine Manager, we are confident that all of our production and operating goals will remain on target."

At July 31, 2005 First Nickel had working capital of approximately $13,500,000 and 53,730,598 common shares issued and outstanding.

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