Victory Nickel Inc.

Victory Nickel Inc.

March 26, 2008 09:00 ET

Victory Nickel Announces Appointment of Steve Harapiak as President and COO

Industry veteran to aggressively push ahead with creation of mid-tier nickel company

TORONTO, ONTARIO--(Marketwire - March 26, 2008) - Victory Nickel Inc. ("Victory Nickel" or the "Company")(TSX:NI)( today announced the appointment of Steve Harapiak as President and Chief Operating Officer. Mr. Harapiak is an engineer who brings years of international mining experience to the Company, including serving as President and CEO of Potash Corporation of Saskatchewan.

The Board of Directors wishes to thank the former President, Mr. Brian Robertson, for his contribution to substantially advancing the Company's Minago, Lac Rocher and Mel sulphide nickel projects, and wishes him success in his future endeavours.

"Steve has tremendous operational strength, leadership skills and depth of knowledge, and I am very pleased to welcome him to the Victory Nickel team," said CEO Rene Galipeau. "Having worked with Steve in the past I know the high level of commitment he brings during an exciting time at Victory Nickel as we look to put our first mine in production at Lac Rocher this year and move toward production at Minago in 2010."

Mr. Harapiak, a graduate in Mechanical Engineering from the University of Manitoba, has spent his entire career in the minerals industry. He has worked in the uranium, potash, iron, base metal and gold sectors. His experience spans the entire range of activity from engineering, construction, project management to operation of mining, milling and refining facilities. He has also served in senior executive positions in major companies in Canada and abroad; Canadian companies include Hudson Bay Mining and Smelting, Noranda, Denison Mines and Potash Corporation of Saskatchewan.

Mr. Harapiak's international experience includes engineering assignments in Chile, Cuba and Russia. Additionally, he has headed up major mineral projects in Zambia (Director of operations - Zambia Consolidated Copper Mines), in Russia (General Director of Kubaka Gold Mine, a Russian American joint venture greenfields project) and in Kazakhstan (Senior Vice President of Kazzinc, a Glencore company, with responsibility for all operations and new projects for this integrated mining, smelting and refining company).

He is currently retained as a consultant to the International Finance Corporation (World Bank Group) overseeing mining supply chain development projects in Russia. He is also a past president of the CIM and is a member of the Professional Engineers of Ontario, in addition to serving on various industry, government professional and educational advisory boards.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with over 660,000,000 pounds of in-situ nickel in National Instrument 43-101-compliant measured (154,000,000 pounds) and indicated (511,000,000 pounds) resources in three sulphide nickel projects: Minago and Mel on Manitoba's Thompson nickel belt, and the high-grade Lac Rocher deposit in northwestern Quebec, and an additional 530 million pounds of in-situ nickel in inferred resources. Created from the nickel assets of Nuinsco Resources Limited (TSX:NWI), Victory Nickel is well financed and focused on becoming a substantial nickel producer by developing its existing properties and evaluating opportunities to expand its nickel asset base.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historical fact, that address activities, events or developments that Victory Nickel believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Victory Nickel based on information currently available to Victory Nickel. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Victory Nickel to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Victory Nickel. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper, nickel and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from government authorities, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Victory Nickel disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Victory Nickel believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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