Pure Nickel Inc.
OTC Bulletin Board : PNCKD

Pure Nickel Inc.

April 02, 2007 15:58 ET

Pure Nickel Inc.-Fox River Project Update

TORONTO, ONTARIO--(CCNMatthews - April 2, 2007) - Pure Nickel Inc. (TSX VENTURE:NIC)(OTCBB:PNCKD)("Pure Nickel") announced today that it has started the drilling phase of its 2007 Nickel Copper Platinum Group Elements exploration program on the Fox River Project near Gillam, Manitoba. The Project is a 50:50 Joint Venture Option Agreement with Xstrata Nickel on two Mineral Exploration Licenses (98-01 and 98-02) covering over 1240 square kilometres.

Pure Nickel's aggressive exploration program has permitted an accelerated selection of high priority targets that will be tested by the drill program in the spring of 2007. Pure Nickel's 2007 exploration budget for the Fox River project is CDN $2.5 million and is fully funded.

Cyr Drilling International Limited of Winnipeg, Manitoba has been contracted to carry out a diamond drill program involving a minimum of 2,400 metres of core drilling, with an option to extend this to 4,000 metres. The program will be based out of Pure Nickel's newly constructed camp at Yakaw Lake and will be helicopter-supported to enable drilling to continue through spring break-up.

Integration of previous geophysical surveys (GEOTEM and UTEM) with the results of a new 3000 line-km VTEM B-field airborne geophysical survey have led to efficient targeting of new prospective geophysical anomalies. Detailed 3-D magnetic inversion modeling and a new soil geochemical survey employing a proprietary selective leach methodology over known geophysical conductors have further constrained and prioritized drill targets. In addition, anomalous lake sediment concentrations of nickel and copper from past surveys have now been noted to be proximal to some of these high priority targets and a close correlation is noted with the results of the more recent soil analysis. A comprehensive digital diamond drill-hole database for all past exploration drilling in the area has been compiled to assist in the ranking and classification of conductors throughout the property.

Mark Shore, Ph.D., P.Geo. is a qualified person as defined by National Instrument 43-101 and is responsible for reviewing the technical disclosure in this press release.

The Fox River Project:

Pure Nickel is the operator of the exploration program at Fox River and has an option to acquire a 50% undivided interest in the Fox River Property from Xstrata Nickel.

About Pure Nickel:

Pure Nickel is a mineral exploration company with three advanced nickel sulphide projects in Canada and Alaska. The Company's $8.0 million 2007 exploration program is well funded and drill ready.

This release was prepared by management of Pure Nickel Inc. who take full responsibility for its contents.

Neither the TSX Venture Exchange nor the OTC Bulletin Board have reviewed or accept responsibility for the adequacy of this news release.

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