Pure Nickel Inc.
OTC Bulletin Board : PNCKF
TSX : NIC

Pure Nickel Inc.

August 15, 2007 10:53 ET

Pure Nickel's Fond du Lac Drill Program Encounters Numerous Nickel Intersections

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2007) - Pure Nickel Inc. (the "Company") (TSX:NIC)(OTCBB:PNCKF) reports drill results for the first 11 holes of the 2007 exploration, drilling and analytical program on its 100% owned Fond du Lac Ni-Cu property, northern Saskatchewan. The 2007 Fond du Lac drill program is the second phase of a drill program commenced in July 2006 by Pure Nickel.

During the 2007 drill program the Company completed 19 diamond drill holes totaling 3,127 metres. Drilling tested a limited area of known mineralization on the Rae Lake mineralized horizon and a possible extension to the Axis Lake East Zone horizon.

Highlights of the program include:

- 1.90 % Ni, 0.38 % Cu over 0.15 m from the Axis Lake "West Zone" indicating higher grade mineralization at depth.

- intersection of norite-hosted magmatic sulphides 1.3 km along strike in same magnetic feature that hosts the Axis Lake "East Zone Ni-Cu deposit".

- Hole RL-PNI-07-02 intersected 41 metres of 0.14% Cu, 0.15% Ni at Rae Lake mineralized horizon.

The Rae Lake mineralized horizon is an extensive east-west trending Ni-Cu sulphide horizon. It is located 1.4 km south of the Axis Lake mineralized horizon. The 2007 drill program established that this mineralized horizon has a strike length of at least 3 km, and a shallow 25-30degrees southerly dip, and a variable thickness from east to west. The greatest thicknesses are encountered in the western portion of this horizon proximal to a major structural break which appears to have some control on the localization of the Ni-Cu sulphide mineralization here, and at Axis Lake. Drilling has established that the western portion of this mineralized horizon can be traced from surface down dip for at least 250m. The extensive surface outcroppings of the Rae Lake Ni-Cu horizon, its shallow dip, westward expanding thickness and length suggest not only a westward increase in the mineralization proximal to a major mineralizing source, and potential higher grade Ni-Cu sulphides like those at Axis Lake (1.4 km to the north) and Currie Lake (4.5 km north of the Axis Lake horizon; 1.24% Ni and 0.45% Cu over 7.5 m), but also the potential for a large tonnage lower grade resource of Ni-Cu mineralization in an area with established infrastructure. Hole RL-PNI-07-02 intersected 41 metres of 0.14 % Cu, 0.15% Ni and is associated with an average sulphide content of 8.5%. Although not part of this 41 m interval values of up to 1.79% Cu and 0.26% Ni over 0.21 m were encountered in this hole in the immediate footwall to this thick mineralized interval. Drillhole intersections through the western portion of this zone have returned intersections with up to 0.42% Cu and 0.57% Ni over 0.56 m. The results for the first 11 holes are presented in the table below. Location of the drillholes from the 2007 program can be found at the company's website: www.purenickel.com.

Exploration drilling in 2007 along the margin of the aeromagnetic feature that hosts the Axis Lake East Zone Ni-Cu mineralization intersected norite-hosted magmatic sulphides 1.3 km east of the previously established eastern limit of the East Zone, assays for this potentially new extension of the "East zone" are pending.

During the 2006 exploration phase seven drill holes were completed for a total of 2,258 meters. Nickel mineralization was present in all of the drill holes, including an intersection grading up to 1.86% Ni and 0.45% Cu. Hole AL06-007 was completed before a forest fire swept through the region. Recovery of mineralized core (1.90% Ni, 0.38% Cu over 0.15 m) from the 2006 program was assayed with the recent drilling core and confirms that the dip of the horizon had changed, and its down-dip potential will be investigated in future drill programs.

Larry Hulbert, Chief Exploration Officer, said: " We are pleased with the results of the 2007 program on the Fond du Lac property, and the continually increasing size of the Ni-Cu mineralized system in the Axis--Rae Lakes area. Additional assays will soon be available that will further contribute to our understanding of the controls on localization of mineralization in the area, and we look forward to aggressively continuing the exploration program in 2007/08".

Results from selected drill holes are located in the following table.



Core
DDH From To Intervals Ni Cu S
Hole No. (metres) (metres) (metres)(a) % % %

AL-06-07 151.49 152.45 0.96 0.13 0.14 2
AL-06-07 152.45 152.6 0.15 1.90 0.38 24.34

RL-PNI-07-01 76.01 77.77 1.76 0.10 0.09 2.2
RL-PNI-07-01 77.77 79.88 2.11 0.15 0.26 3.8
RL-PNI-07-01 79.88 81.38 1.5 0.19 0.15 3.9
RL-PNI-07-01 81.38 82.89 1.51 0.16 0.13 3.3
RL-PNI-07-01 82.89 84.43 1.54 0.17 0.13 3.7
RL-PNI-07-01 84.43 85.99 1.56 0.10 0.15 2.5
RL-PNI-07-01 85.99 87.48 1.49 0.11 0.17 2.6
RL-PNI-07-01 87.48 89.21 1.73 0.10 0.11 2.5
RL-PNI-07-01 89.21 90.85 1.64 0.11 0.13 2.5
RL-PNI-07-01 90.85 92.41 1.56 0.22 0.20 4.4
RL-PNI-07-01 92.41 93.63 1.22 0.18 0.16 3.4

RL-PNI-07-02 42.74 44.3 1.56 0.18 0.14 3.2
RL-PNI-07-02 46.11 48.07 1.96 0.12 0.15 2.8
RL-PNI-07-02 48.07 49.73 1.66 0.14 0.13 3.4
RL-PNI-07-02 49.73 51.27 1.54 0.15 0.17 3.8
RL-PNI-07-02 51.27 52.77 1.5 0.14 0.14 3.1
RL-PNI-07-02 52.77 54.27 1.5 0.17 0.17 3.5
RL-PNI-07-02 54.27 55.77 1.5 0.13 0.13 3.2
RL-PNI-07-02 55.77 57 1.23 0.16 0.16 3.6
RL-PNI-07-02 57 58.12 1.12 0.13 0.12 2.9
RL-PNI-07-02 59.75 61.29 1.54 0.19 0.18 4.1
RL-PNI-07-02 61.29 62.85 1.56 0.12 0.11 2.8
RL-PNI-07-02 63.9 65.46 1.56 0.21 0.17 4.3
RL-PNI-07-02 65.46 67.01 1.55 0.22 0.17 4.3
RL-PNI-07-02 67.01 68.53 1.52 0.16 0.17 3.6
RL-PNI-07-02 68.53 70.03 1.5 0.20 0.13 4.5
RL-PNI-07-02 70.03 71.57 1.54 0.19 0.15 3.8
RL-PNI-07-02 71.57 73.03 1.46 0.17 0.19 3.5
RL-PNI-07-02 73.03 74.58 1.55 0.17 0.16 3.5
RL-PNI-07-02 74.58 76.09 1.51 0.16 0.16 3.4
RL-PNI-07-02 76.09 77.71 1.62 0.21 0.19 4.2
RL-PNI-07-02 77.71 79.22 1.51 0.15 0.19 3.6
RL-PNI-07-02 79.22 80.75 1.53 0.12 0.10 2.7
RL-PNI-07-02 80.75 82.24 1.49 0.11 0.11 2.4
RL-PNI-07-02 82.24 83.77 1.53 0.12 0.10 2.6
RL-PNI-07-02 83.77 85.13 1.36 0.10 0.08 2.3
RL-PNI-07-02 86.41 87.72 1.31 0.10 0.09 1.9
RL-PNI-07-02 87.72 88.79 1.07 0.17 0.14 3.8
RL-PNI-07-02 88.79 89 0.21 0.26 1.80 8.06

RL-PNI-07-03 71.89 72.89 1 0.12 0.12 3.1
greater
RL-PNI-07-03 72.89 73.45 0.56 0.57 0.42 than 10

RL-PNI-07-04 72.75 73.81 1.06 0.11 0.08 1.9
RL-PNI-07-04 73.81 74.08 0.27 0.14 0.11 2.5
RL-PNI-07-04 74.08 74.32 0.24 0.18 0.28 2.7
RL-PNI-07-04 74.72 75.91 1.19 0.10 0.08 1.6

RL-PNI-07-05 73.88 74.76 0.88 0.12 0.19 3
RL-PNI-07-05 74.76 75.49 0.73 0.13 0.18 3
RL-PNI-07-05 86.39 87.48 1.09 0.11 0.12 2.4
RL-PNI-07-05 87.48 88.66 1.18 0.10 0.11 2.2
RL-PNI-07-05 88.66 89.18 0.52 0.24 0.22 6.6
RL-PNI-07-05 101.13 102.55 1.42 0.11 0.08 2.3
RL-PNI-07-05 102.55 103.85 1.3 0.10 0.08 2
RL-PNI-07-05 103.85 105.05 1.2 0.11 0.07 2.2

RL-PNI-07-09 9.22 9.75 0.53 0.17 0.14 2.5
RL-PNI-07-09 9.75 10.27 0.52 0.17 0.12 2.7
RL-PNI-07-09 10.27 10.48 0.21 0.25 0.13 3.4
RL-PNI-07-09 10.48 10.64 0.16 0.15 0.14 2.5
RL-PNI-07-09 26.39 27.90 1.51 0.12 0.10 1.9
RL-PNI-07-09 27.90 29.29 1.39 0.10 0.10 1.4
RL-PNI-07-09 29.29 29.47 0.18 0.20 0.14 2.8
RL-PNI-07-09 29.47 30.97 1.5 0.10 0.10 1.7
RL-PNI-07-09 30.97 32.01 1.04 0.14 0.17 2.1
RL-PNI-07-09 32.01 33.07 1.06 0.12 0.12 1.9

RL-PNI-07-10 26.02 26.17 0.15 0.22 0.17 4.8
RL-PNI-07-10 26.31 26.43 0.12 0.13 0.11 3
RL-PNI-07-10 45.22 45.48 0.26 0.20 0.24 4.8
RL-PNI-07-10 45.48 45.74 0.26 0.30 0.24 6.9
RL-PNI-07-10 45.74 46.31 0.57 0.12 0.10 2.7
RL-PNI-07-10 46.99 47.27 0.28 0.17 0.16 3.6
RL-PNI-07-10 47.27 47.97 0.7 0.10 0.08 2.2

(a) approximate true widths.


The Fond du Lac property consists of eight large contiguous mining claims (with a combined area of 95,000 acres) encompassing some 40 km of prospective norite-sediment hosted nickel-copper stratigraphy in the Snowbird Tectonic Zone, northern Saskatchewan. The area contains a number of Ni-Cu prospects, horizons and deposits. The most prominent mineralized horizon is the Axis Lake mineralized horizon. It is at least 2.5 km long and consists of a "West" and "East" zone of Ni-Cu sulphide mineralization. The Axis Lake "East Zone" contains a non compliant National Instrument 43-101 estimated resource of 3,400,000 tonnes of 0.66% Ni, 0.60% Cu, and 0.15% Co. The deposit is located 14 km northwest of the community of Stony Rapids. Stony Rapids has year round road access and offers a wide range of supply and transportation services including daily direct flights connecting Stony to Saskatoon and Regina.

Quality Control

Aurora Geosciences Ltd. of Yellowknife is the project operator for Pure Nickel. Drill core is logged on site by Aurora's geologist. Core is then cut, one half is retained and stored on site for reference, and one half is sent for analysis. Blanks and CANMET certified reference material are inserted at regular intervals as quality control. Additional standards, blanks and duplicate analyses are also employed by the analytical laboratory.

Core samples are delivered to Acme Analytical Laboratories' Vancouver preparation facility for crushing and pulverizing. Pulps are analyzed for multiple trace elements by ICP-MS using a four acid digestion (method Group 1EX). Samples exceeding 1.0% copper or nickel are assayed using a hot 4-acid digest and ICP-ES (method Group 7TD). Major elements are also determined for the selected samples by fusion-ICP-MS (method code 4A-B).

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

Pure Nickel is a mineral exploration Company with multiple, advanced nickel sulphide and PGE projects in Canada and Alaska. The Company's 2007 exploration program is underway on multiple properties and is fully funded.

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

Total Shares Outstanding: 67.765 million

Fully Diluted: 93.750 million

52-Week Trading Range: C$0.58 - $1.65

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

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