Pure Nickel Inc.
OTC Bulletin Board : PNCKF

Pure Nickel Inc.

November 19, 2007 16:00 ET

Pure Nickel Presents Exploration Results From Its MAN Alaska Project

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2007) - Pure Nickel Inc. ("Pure Nickel") (TSX:NIC)(OTCBB:PNCKF) reports initial results for the first six holes of the 2007 exploration and drilling program on its 100% owned MAN property, Alaska. The 2007 drill program represents the Phase I drill program on Pure Nickel's extensive holdings in an area covering approximately 80,000 hectares in south-central Alaska. Phase I drilling focused on the large "Alpha Intrusive Complex", which is over 34 km long. Nine holes were completed during the period July 14 to October 4 for a total of 3,359 meters.

Highlights of the program include:

- A 77.4 m thick intersection of disseminated sulphides averaging 0.26% Ni, 0.12% Cu, 139 ppb Pd, 62 ppb Pt was discovered in drill hole MAN-PNI-001. The drill hole was terminated in mineralization due to core recovery challenges at the 659 metre level. Sulphide mineralization remains open at depth.

- The 2007 exploratory drill program investigated six areas over a strike length of 19.8 km of the complex, and discovered disseminated sulphides in all holes. (results are available at www.purenickel.com).

Results of the Phase I drill program including the discovery of a thick, laterally extensive, down-dip continuous disseminated Ni-Cu-PGE sulphide horizon, and the association with strong geophysical conductors demonstrate that the Alpha Complex continues to be a highly prospective environment to explore for large concentrations of Ni-Cu-PGE sulphides in a follow-on 2008 drill program.

MAN-PNI-001 was collared to test the lateral continuity and down-dip extension of the mineralization encountered in historic drill programs, and to investigate the proximal 900 m long VTEM conductor, with an associated south flanking, strong SQUID ground geophysical conductor. The 2007 drill hole confirmed the lateral continuity, thickness, and down-dip extension of this stratabound horizon of disseminated Ni-Cu-PGE mineralization that can be traced along strike for at least 370 m and down dip for greater than 340 m (in excess of 600 m if projected to surface).

Further geophysical evaluation and modelling of this anomalous area is in progress and will be pursued in Phase II exploration in 2008.

Distinctive circular VTEM anomalies were drilled (MAN-PNI-010, and -008) and found to contain anomalous disseminated sulphides (0.6%) over lengths of 280 m and 326 m respectively. MAN-PNI-006 and -007 were collared in the same mineralized stratigraphic horizon 2.6 km apart. Both holes intersected disseminated sulphides in the 0.45% range over lengths of 300m and 202 m respectively.

The ubiquitous presence of magmatic sulphides, and abnormally high background copper concentrations in the ultramafic rocks suggest that the Alpha Complex was part of a dynamic and wide-spread mineralizing magmatic system. These findings and the fact that Ni-Cu-PGE occurrences with economic grades are known to exist in the complex and elsewhere on the MAN property clearly suggests that the Alpha Complex continues to be a highly prospective environment to explore for economic concentrations of Ni-Cu-PGE sulphides in a 2008 drill program.

Larry Hulbert, Chief Exploration Officer, said: "We were pleased with the results of the 2007 drill program on the MAN property, particularly the extent and thickness of the mineralized horizons encountered. This program has given us an increased understanding of the controls on localization of mineralization and the associated geophysical signatures. New geophysical modeling, in conjunction with laboratory measurements of the 2007 drill core, and a new detailed soil geochemistry dataset with an additional 2300 samples collected during 2007 will help define Phase II drill targets in 2008".

A table of Ni-Cu-Pd-Pt analyses for the mineralized intersection in MAN-PNI-001, and a drill-hole location map for the 2007 program can be found at the Company's website: www.purenickel.com.

The MAN Project

Pure Nickel's 100%-owned MAN Project is located 265 km SSE of Fairbanks, and 400 km NE of Anchorage, on the south flank of the central Alaska Range. The project area, which is readily accessible from the Richardson and Denali Highways, covers an area of approximately 700 km2 (approximately 80,000 hectares). Widespread high-grade nickel-copper-platinum group element (Ni-Cu-PGE) showings, in grab samples, up to 15.4% Ni, 7.19% Cu, 170 g/t PGE+ Au+Ag, have been discovered in the project area.

The MAN property forms a large part of a newly recognized Ni-Cu-PGE metallogenic belt (Nikolai-Kluane Mafic-Ultramafic Belt) within the Triassic Wrangellia Terrane that can be traced along strike for 900 km into the Yukon and northern British Columbia. Within North America, the Nikolai-Kluane belt is exceeded in size and extent only by the highly nickeliferous Circum-Superior belt of Canada, which includes the world-class Thompson Belt, Manitoba and the Raglan nickel camp in the Cape Smith Belt, Quebec.

Quality Control

Drill core was logged on site by a Pure Nickel geologist. Core was then cut, one half was retained and stored on site for reference, and one half was sent for analysis. Blanks and CANMET certified reference material were inserted at regular intervals as quality control. Additional standards, blanks and duplicate analyses were also employed by the analytical laboratory.

Core samples were delivered to Alaska Assay Laboratories preparation facilities in Fairbanks, Alaska for crushing and pulverizing. Pulps of the core were then forwarded to Acme Analytical Laboratories, Vancouver for multiple trace element analyses by ICP-MS.

Dr. Larry Hulbert, 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.

About Pure Nickel Inc.:

Pure Nickel is a mineral exploration company with multiple nickel sulphide and PGE projects in Canada and Alaska. Pure Nickel is well on its way to becoming one of the largest nickel exploration companies in North America. Pure Nickel's aggressive drilling program is focused on three core properties, MAN and Salt Chuck in Alaska and William Lake, Manitoba. The Company's 2008 drilling program is fully funded.

Total Shares Outstanding: 67.766 million

Fully Diluted: 92.410 million

52-Week Trading Range: C$0.67 - $1.65

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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