Hard Creek Nickel Corporation
TSX VENTURE : HNC

Hard Creek Nickel Corporation

February 29, 2008 12:42 ET

Hard Creek Drills 64 Metres of 0.47% Nickel

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - Hard Creek Nickel Corporation (TSX VENTURE:HNC) is pleased to provide analytical results for the final 31 diamond drill holes, totaling 10,445 metres (34,268 feet) from the 75 hole, 2007 drilling program, at its 100% owned Turnagain Project, located 70km (43.5 miles) east of Dease Lake in British Columbia. Results for all 75 of the drill holes have now been released.

The majority of the holes reported below were designed as infill holes to demonstrate continuity of the sulphide mineralization in the Horsetrail-Northwest Deposit. Six widely spaced holes also tested the outer limits of the known mineralization. Two deeper holes, 07-201 and 07-225 were drilled from the north side of the Horsetrail Deposit to test for depth extensions to the known mineralization. One hole, 07-206, was drilled beneath the original Discovery showing and two holes, 07-168 and 07-203, tested the southern side of the Duffy Zone. The majority of the drill holes were NQ-size core. Included in the 31 reported holes are five PQ-size holes, for 413m (1,355 feet), drilled to collect large core for crushing and grinding tests; not all this core was submitted for analyses. Drill hole locations can be viewed on a plan map at www.hardcreeknickel.com/plan.htm.

The mineralized holes intersected significant widths of intercumulus pyrrhotite-pentlandite, hosted by variably serpentinized wehrlite and dunite, and demonstrate continuity of mineralization between previous intercepts. Holes in both the central and western portions of the Horsetrail-Northwest Deposit intercepted greater than 100m (330 feet) intervals of better than average nickel grades.

Hole 07-227 intersected 152m (500 feet) averaging 0.36% Ni starting at a depth of 12m and included a 64m long interval of 0.47% Ni. Adjacent hole 05-106 intersected a 235.9m (775 feet) long interval, from surface, averaging 0.30% Ni and included a 53m long interval averaging 0.46% Ni (see Dec. 13, 2005 news release). Hole 07-215, drilled near the centre of the Horsetrail deposit, intersected a 184m (604 feet) long interval that started near surface from a depth of 8m, and averaged 0.30% Ni. Two other holes, collared in the eastern portion of the Horsetrail deposit encountered significant nickel grades; hole 07-246 intersected 48m (157 feet) averaging 0.35% Ni, including a 20m (66 feet) interval averaging 0.48% Ni and hole 07-248, drilled 76m away from 07-246 on the same north-south section, intersected 48m (157 feet) averaging 0.33% Ni. These reported holes, all located in the core of the Horsetrail Deposit, have tested a 420m (1,380 feet) strike length of higher grade near-surface nickel mineralization, with excellent continuity. These results support the company's concept of a higher grade starter pit in the Horsetrail Deposit.

In the northwestern portion of the Horsetrail-Northwest Deposit, hole 07-204 intersected a 112m (367 feet) long interval averaging 0.30% Ni and hole 07-219 intersected 212m (696 feet) averaging 0.28% Ni that included a 96m (315 feet) interval averaging 0.30% Ni.



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From To Length Ni Co
Hole # (m) (m) (m) % %
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07-103 237 277 40 0.25 0.012
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07-168 No significant results
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07-188 Abandoned in overburden
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07-193 Abandoned in overburden
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07-201 56 124 68 0.23 0.014
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156 184 28 0.23 0.013
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204 228 24 0.25 0.016
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328 368 40 0.23 0.013
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572 604 32 0.22 0.014
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07-203 No significant results
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07-204 80 104 24 0.32 0.018
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192 208 16 0.32 0.017
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236 268 32 0.24 0.014
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380 492 112 0.30 0.017
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07-206 40 84 44 0.32 0.015
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244 268 24 0.22 0.013
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07-208M 20 44 24 0.27 0.012
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07-212M 120 137.1 EOH 17.1 0.24 0.014
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07-213M 7.9 48 40.1 0.34 0.020
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07-215 8 192 184 0.30 0.017
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248 316 68 0.23 0.017
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07-217 144 164 20 0.31 0.014
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272 348 76 0.24 0.013
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07-218 44 68 24 0.25 0.021
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312 384 72 0.24 0.013
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07-219 128 180 52 0.27 0.016
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208 420 212 0.28 0.015
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incl. 308 404 96 0.30 0.017
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07-220M Not sampled
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07-221 20 116 96 0.24 0.017
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156 300 144 0.24 0.013
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incl. 276 300 24 0.31 0.017
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07-222 14 64 50 0.23 0.013
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200 396 196 0.25 0.014
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incl. 208 244 36 0.33 0.014
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07-223 84 108 24 0.23 0.016
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236 252 16 0.22 0.017
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276 292 16 0.21 0.012
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300 380 80 0.27 0.015
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07-224M Not sampled
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07-225 20 32 12 0.22 0.018
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92 104 12 0.22 0.012
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128 176 48 0.24 0.016
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224 244 20 0.21 0.013
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576 592 16 0.22 0.015
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07-226 20 32 12 0.22 0.015
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60 80 20 0.21 0.012
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07-227 12 164 152 0.36 0.019
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incl. 96 160 64 0.47 0.025
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200 228 28 0.23 0.014
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07-228 9.2 24 4.8 0.28 0.015
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48 84 36 0.26 0.015
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248 264 16 0.24 0.011
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07-229 16 60 44 0.29 0.012
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92 144 52 0.21 0.019
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07-241 72 84 12 0.25 0.014
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148 320 172 0.27 0.015
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incl. 148 180 32 0.32 0.016
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07-242 100 140 40 0.26 0.012
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256 284 28 0.27 0.014
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07-243 68 84 16 0.39 0.019
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120 128 8 0.71 0.024
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07-244 96 168 72 0.26 0.016
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incl. 112 132 20 0.30 0.013
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228 244 16 0.22 0.014
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07-245 No significant results
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07-246 40 88 48 0.25 0.012
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136 184 48 0.35 0.020
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incl. 148 168 20 0.48 0.024
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289 345 56 0.31 0.015
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07-247 No significant results
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07-248 9 28 19 0.23 0.012
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48 96 48 0.33 0.014
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180 336 156 0.28 0.018
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incl. 268 292 24 0.35 0.015
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Results for the reported drill holes in the Horsetrail-Northwest Deposit will be included in an updated resource estimate to be completed shortly by AMEC Americas Limited.

True widths of mineralization have been estimated to be approximately 80 percent of reported core intervals in the Horsetrail area. Samples for analysis were generally 4m in length of split NQ-size core. Reference pulps with known nickel, copper, platinum and palladium values were inserted every 25 core samples and rock blanks inserted every 30 samples to monitor laboratory performance as part of the QC/QA program.

Total nickel, copper and cobalt values were determined by ICP emission spectrometry following four-acid digestion of a representative pulp sample. Platinum and palladium values were determined by ICP emission spectrometry following lead-collection fire assay fusion of a 30 gram pulp. All analytical work was conducted by Acme Analytical Laboratories Ltd., an ISO 9001 registered facility, located in Vancouver. IPL, an ISO 9001 registered facility, also located in Vancouver, is carrying out check analyses on ten percent of the samples.

The Turnagain Nickel Project resource in the Horsetrail-Northwest deposit has been recently estimated (see December 10, 2007 News Release for details) with the measured and indicated resource estimated at 489 million tonnes grading 0.22% total nickel (0.16% nickel in sulfides) and 0.012% cobalt and an additional inferred resource of 560 million tonnes grading 0.20% total nickel (0.15% nickel in sulfides) and 0.011% cobalt.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

This news release has been reviewed and approved by Neil Froc, P.Eng., a qualified person consistent with NI 43-101.

On behalf of the Board of Directors of Hard Creek Nickel Corporation

MARK JARVIS, President

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this news release.

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