Independent Nickel Corp.

Independent Nickel Corp.

September 18, 2008 06:00 ET

Independent Nickel Adjourns Special Meeting of Shareholders to October 8, 2008; Reiterates Recommendation to Accept Victory Nickel Offer

SUDBURY, ONTARIO--(Marketwire - Sept. 18, 2008) - Independent Nickel Corp. (TSX:INI) ("Independent Nickel") today confirmed that the previously announced special meeting of shareholders, originally scheduled to occur on September 17, 2008, has been adjourned to October 8, 2008.

Independent Nickel also reminds shareholders that the increased offer ("the Amended Offer") from Victory Nickel Inc. ("Victory Nickel") to purchase all of the outstanding common shares of Independent Nickel is open for acceptance until 6:00 p.m. (Toronto time) on September 24, 2008.

As announced on September 3, 2008, the Amended Offer consists of consideration of 1.1 (one and one-tenth) Victory Nickel shares for each Independent Nickel share.

The Board of Directors of Independent Nickel recommended, on September 3, 2008, that shareholders accept the Amended Offer, having unanimously determined that the Amended Offer is fair to shareholders and is in the best interests of Independent Nickel.

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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