International Nickel Ventures Corporation
TSX : INV

International Nickel Ventures Corporation

March 14, 2007 09:07 ET

International Nickel Confirms Mineralized Extensions

TORONTO, ONTARIO, CANADA--(CCNMatthews - March 14, 2007) - International Nickel Ventures Corporation ("INV") (TSX:INV) is pleased to report on the successful results of the expanded 2006 drill program, which was completed December 15, 2006, and the initial results from drilling to January 28, 2007 of the $8.5 million dollar 2007 program (INV's share C$2.3 million) announced late last year. INV is assessing the Santa Fe/Ipora nickel laterite projects in Goias State, Brazil, with joint venture partner Teck Cominco Limited ("Teck Cominco"). Total drilling since inception of the joint venture program is now approximately 64,900 metres in 4,792 holes.

The drilling program to date has outlined four well-mineralized areas of greater than 0.8% nickel within a 10 km by 5 km area on the Santa Fe property (see Santa Fe map), consisting of:

1) The Southwest Area, covering an area approximately 3 km in length by 0.7 to 2.0 km in width;

2) The Southeast Area, located 3 km to the east of the Southwest Area, covering two zones within an area approximately 2.5 km long by 0.5 km to 1.0 km wide;

3) The Central Area, located between the Southwest and Southeast Areas, which includes three zones within an area of 3.0 km by 1.5 km; and

4) The North Area, about 3 km to the north of the Southwest Area, covering an area of approximately 1.5 km by 0.4 km.

The new drilling, to January 28, 2007, has been successful confirming extensions to the mineralization in these areas.

Selected highlights from current drilling on the Santa Fe Property are listed below(i):



--------------------------------------------------------------
Hole No. % Ni % Co % Fe From To Length
(m) (m) (m)
--------------------------------------------------------------
SFDD-2394 1.35 0.072 37.4 1.40 10.10 8.70
--------------------------------------------------------------
SFDD-2399 2.00 0.019 9.6 1.90 6.70 4.80
--------------------------------------------------------------
SFDD-2406 1.14 0.099 35.6 0.85 8.20 7.35
--------------------------------------------------------------
SFDD-2459 1.82 0.030 13.9 3.00 7.30 4.30
--------------------------------------------------------------
SFDD-2507 2.41 0.063 34.7 1.80 3.30 1.50
--------------------------------------------------------------
SFDD-2510 2.12 0.062 32.3 3.40 5.45 2.05
--------------------------------------------------------------
SFDD-2537 1.99 0.043 23.4 3.30 7.60 4.30
--------------------------------------------------------------
SFDD-2554 1.92 0.045 24.2 3.83 8.20 4.37
--------------------------------------------------------------
SFPT-050 2.31 0.054 29.9 1.00 4.80 3.80
--------------------------------------------------------------
SFPT-1719 2.12 0.065 35.3 4.00 7.70 3.70
--------------------------------------------------------------
SFPT-1946 1.68 0.034 16.9 3.00 11.00 8.00
--------------------------------------------------------------

(Since these are flat lying nickel laterite deposits, reported widths
approximate to true widths.)

(i)Based on 0.8% Ni grade cut off and 2 metre minimum ore thickness.

Ipora Property Drilling: New Extensions Outlined

Drilling at 100 and 200 metre centers in the Rio dos Bois region
(Ipora North) continues to confirm the extensions to the Northeast
and Central Areas. These extensions collectively cover approximately
2.0 square kilometres (see Ipora maps).

Selected drilling highlights at Rio dos Bois (Ipora North) are listed
below(i):

--------------------------------------------------------------
Hole No. % Ni % Co % Fe From To Length
(m) (m) (m)
--------------------------------------------------------------
MMDD-071 1.24 0.118 37.8 3.50 19.36 15.86
--------------------------------------------------------------
MMDD-072 1.19 0.104 23.6 3.90 15.56 11.66
--------------------------------------------------------------
RBDD-502 1.13 0.088 27.9 5.00 16.80 11.80
--------------------------------------------------------------
RBDD-513 1.96 0.082 40.6 12.00 21.50 9.50
--------------------------------------------------------------
RBDD-561 1.05 0.071 24.9 3.70 19.85 16.15
--------------------------------------------------------------
RBDD-564 1.16 0.098 26.4 5.00 17.79 12.79
--------------------------------------------------------------
RBDD-595 1.46 0.111 29.6 10.00 20.50 10.50
--------------------------------------------------------------
RBDD-599 1.29 0.127 31.2 16.39 27.00 10.61
--------------------------------------------------------------
RBDD-600 1.50 0.182 42.0 30.30 43.60 13.30
--------------------------------------------------------------
RBDD-612 1.61 0.094 49.2 1.67 9.40 7.73
--------------------------------------------------------------
RBDD-614 1.65 0.078 40.5 2.45 6.85 4.40
--------------------------------------------------------------
RBDD-620 1.50 0.075 33.0 4.56 14.60 10.04
--------------------------------------------------------------
RBDD-642 1.55 0.065 30.1 5.00 13.55 8.55
--------------------------------------------------------------
RBDD-751 0.94 0.073 30.6 6.90 23.00 16.10
--------------------------------------------------------------
RBDD-770 1.29 0.055 21.9 5.00 20.22 15.22
--------------------------------------------------------------

(Since these are flat lying nickel laterite deposits, reported widths
approximate to true widths.)

(i)Based on 0.8% Ni grade cut off and 2 metre minimum ore thickness.


INV has prepared tables of all Santa Fe and Ipora drill holes with assays which are available on its website and are posted on SEDAR at www.sedar.com. The tables show composite values in nickel, cobalt and iron for intersections that meet or exceed a 0.8% nickel grade cut-off with a minimum thickness of 2.0 metres.

Drilling is continuing at both Santa Fe and Ipora as part of the approved $8.5 million program announced late last year. Additional drill results will be announced as each batch is ready.

This press release was prepared under the supervision and review of J. Alan Spence, President of Spence Resource Management Inc. ("SRM") and Mohan Srivastava, President of FSS Canada Consultants Inc., ("FSS") both independent consultants to INV and Qualified Persons as defined under National Instrument 43-101 of the Canadian Securities Administrators. Spence and Srivastava were retained by INV to prepare a technical report on the mineral resources of the Santa Fe and Ipora deposits which was published on November 23, 2006 (the "Technical Report"). (The Technical Report contained new resource estimates totaling 109.0 million tonnes grading 1.11% nickel, at a 0.8% Ni cutoff, using a minimum mining thickness of 2 metres.) The drill hole and assay data (from SGS Geosol Laboratorios Ltda., Brazil) for this release have been provided by Teck Cominco, with industry standard QA/QC procedures in place. Independent assessment, including site visits, review of QA/QC protocols and check results, were made by Spence and Srivastava during the preparation of the Technical Report.

About INV

INV is a Canadian mineral resource company focused on the acquisition, exploration and development of nickel projects in Brazil. Its primary asset is an option to acquire, with 73% partner and operator Teck Cominco, a 75% interest in two advanced-stage nickel laterite deposits, Santa Fe and Ipora, in the Goias nickel camp of Brazil. In addition, INV has 100% ownership in an extensive land package of prospective nickel properties in Goias, Para and Tocantins States which now totals over 455,000 hectares. INV has a cash position of approximately $17.6 million (September 30, 2006) and has approximately 34.7 million outstanding shares.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond INV's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Such risks and uncertainties include, but are not limited to: the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters, future price of nickel, changes in labor costs or other costs of production, failure of plant equipment or processes to operate as anticipated, possible variations in mineral grade or recovery rates and other general risks of the mining industry. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, refer to INV's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.nickelventures.com.

Maps are available at the following address: http://www.ccnmatthews.com/docs/Nickel_map.pdf

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