Pure Nickel Inc.
OTC Bulletin Board : PNCKF

Pure Nickel Inc.

November 20, 2007 11:05 ET

Pure Nickel Reports Significant Nickel Mineralization in New Technical Report on William Lake

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Pure Nickel Inc. ("Pure Nickel") (TSX:NIC)(OTCBB:PNCKF) is pleased to report it has received an Independent Technical Report on its 100% owned William Lake property in the Thompson Nickel Belt, Manitoba and has submitted it to SEDAR for filing. Pure Nickel commissioned the NI-43-101 report from Scott Wilson Roscoe Postle Associates Inc. ("RPA") to summarize previous work, and in particular the exploration activity undertaken by Xstrata Nickel through its predecessor company, Falconbridge Limited. The technical report highlights the significant Nickel mineralization outlined by 13 years of previous exploration activity that commenced in 1989. This technical report conforms to NI 43-101 Standards of Disclosure for Mineral Projects and its recommendations form the basis for Pure Nickel's future exploration programs to develop a resource estimate. The report can be viewed on the company website at www.purenickel.com.

William Lake is one of the principal properties acquired in the Xstrata Canadian Property purchase by Pure Nickel in July, 2007. Since the acquisition, the Pure Nickel exploration team has compiled a considerable amount of historical drill and geophysical data, commissioned the 43-101 Technical Report and commenced drilling on high priority target areas of know mineralization from the extensive dataset provided by Xstrata Nickel. The areas of known mineralization on the William Lake property evidenced by historic drill data extends over a distance of 15 kilometers. William Lake is close to metallurgical processing facilities at Thompson and Flin Flon, Manitoba, is well located adjacent to the major North South all weather highway and is bordered to the east by major regional electrical transmission power lines.

The NI 43-101 Technical Report concludes significant nickel-sulphide-bearing rocks have been intersected in multiple holes in seven distinct prospect areas over the William Lake trend. The Technical Report further concludes that Falconbridge Limited carried out comprehensive and high quality exploration programs on the William Lake Property from 1989 to 2002 and completed 260 widely spaced diamond drill holes totaling 136,542 metres over a wide area. In a majority of cases, the wide spacing of the drill holes reached or exceeded 200 metres in distance and left many untested conductors.

The Technical Report describes significant mineralized intersections in the W56 prospect one of the high priority prospects encountered by Falconbridge and highlighted below:

W56 Prospect - William Lake Property

Hole ID Significant Nickel Intersection
WL95-87 1.06% Nickel / 6.35 m
WL95-121 6.16% Nickel / 1.18 m
WL95-124 1.11% Nickel / 1.59 m
WL96-165 2.85% Nickel / 6.40 m
WL96-166 2.05% Nickel / 11.2 m
WL96-168 1.85% Nickel / 6.83 m
WL96-169 1.14% Nickel / 2.45 m
WL97-176 1.04% Nickel / 2.0 m
WL98-187 3.57% Nickel / 1.31 m

Historical samples collected from W56 were exclusively analyzed for nickel, copper and cobalt. Of note, there was no analysis done of either Gold or Platinum Group Elements. In view of the wide spaced drilling that has been done to date on the W56 prospect, the Report concludes that considerably more drilling will be required to properly assess the significance of this mineralized zone and to provide enough confidence in the interpolation of mineralized intersections to allow estimation of an NI 43-101 compliant mineral resource.

Pure Nickel management has reviewed and applied the recommendations of the technical report and has recently commenced a high priority target, 3,000 metre drilling program at the W56 Prospect at William Lake. (see news release of November 08, 2007)

The report by RPA outlines additional data on many of the other prospects with significant nickel mineralization identified below:

Prospect W56N - William Lake Property

Prospect W56N is mainly hosted by sulphide-rich iron formations next to an ultramafic body. The best intersection obtained from this zone was 3.44% Nickel over 2.10 m. RPA reports significant off-hole conductors remain untested on the periphery of the zone at depth.

Prospect W22 - William Lake Property

The W22 Prospect consists of multiple nickel-sulphide mineralized zones within a 420m-wide ultramafic body in metasedimentary rocks on the southwest contact of the intrusion. The best intersection obtained in the zone was 1.6% over 15.1 m. Moreover, disseminated mineralization in the sub-percent nickel range occurs over widths of up to 87 m. Analysis of Platinum Group Elements indicate elevated concentrations of all the PGE, not only Platinum and Palladium. Potential remains to expand the mineralization along strike and at depth.

The Tower Prospect - William Lake Property

In addition of the highly prospective nickel prospects of the William Lake zones, the Tower zone VMS (volcanogenic massive sulphide) prospect is located outside of the William Lake trend, in the northeast corner of the WLP. The zone was discovered by testing a presumed nickel-sulphide geophysical target and has been intersected in multiple holes. The best intersection obtained to date is 5.30% Cu, 2.01% Zn, 0.85 g/t Au, and 22.0 g/t Ag over 3.78 m. The zone is open at depth and along strike.

Scott Wilson RPA in the Technical Report expressed its opinion that the William Lake Property merits considerably more nickel-sulphide exploration work, and an important two-phase work program is recommended.

Phase 1 of its recommendation is meant to investigate continuity of mineralization in the best prospects identified by Xstrata, namely W56, W56N, W22, W21 and Tower, by carrying out in-fill drilling near the best mineralized intersections and to extend the mineralization beyond the limits established by current drilling. This will require a minimum of 2,600 m of diamond drilling. Pure Nickel currently is in Phase 1 drilling of W56 Prospect.

A Phase 2 program is also recommended by RPA that will undertake the delineation of one prospect with the objective of delivering an inferred resource and will be contingent on identifying in the first phase one or more prospects with the potential to contain 5 million tonnes or more of Ni-Sulphide mineralization at Thompson Nickel Belt grades. A 22,000 metre drilling program and airborne and ground geophysics is recommended. Pure Nickel anticipates undertaking Phase 2 drilling in the first quarter of 2008 on high priority targets.

Pure Nickel CEO J. Jay Jaski said "Our exploration team continues to be extremely encouraged by the findings by RPA and believes the William Lake Property in the Thompson Nickel Belt hosts some of the best prospects for commercial discovery and development of an economic resource. We are drilling from a strong base of prospects with known high grade intersections at William Lake. We have the capital to explore these high priority targets and we believe the acquisition and development of the William Lake Property greatly improves the opportunity to build shareholder value in Pure Nickel".

Phillip Mudry, P.Geol. 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 is currently conducting an aggressive exploration program on its three core properties, William Lake, Manitoba, MAN, and Salt Chuck in Alaska. The Company's 2007-2008 exploration 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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