Pure Nickel Announces Initial Results From Its William Lake Drill Program

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Thu Apr 10, 2008 3:12pm EDT

  TORONTO, ONTARIO, Apr 10 (MARKET WIRE) -- 
 Pure Nickel Inc. (TSX: NIC)(OTCBB: PNCKF) is pleased to provide an
update on results from the first 7 holes of its winter drill program at
its William Lake Property located in the southern portion of the Thompson
Nickel Belt, Central Manitoba. The property is owned 100% by Pure Nickel
Inc.

    This winter the program encompassed an integrated exploration project
that included diamond drilling and an 1159km VTEM airborne geophysical
survey that identified numerous weak to highly conductive zones some of
which were drilled.

    The surface drill program was completed on April 8th with a total of
7525.59 meters in 15 holes completed on budget. The drilling was
completed on five zones within the 15 km William Lake trend. This winters
program was testing nickel bearing horizons identified by the historical
drilling (see 43-101 William Lake Technical Report). In view of the
previous wide spaced drilling (up to 250 meters apart) one of the main
objectives of the program was to establish the continuity of the known
mineralization to provide confidence to work towards a mineral estimation
for a 43-101 compliant resource on one or more sections. Testing for the
continuity of mineralization included drilling above, below and on strike
of the known zones at 50 to 100 m step outs. In addition, new zones
identified by the VTEM survey, as well as previously identified nickel
bearing horizons with little previous drilling and/or poor understanding
of the mineralization, were also explored.

    This release details the assay results from the first 7 holes with an
additional 8 holes to follow. Drilling results to date indicate
significant nickel mineralization is found in 2 of the 3 zones targeted
with results pending on an additional 3 zones. Highlights of the initial
results include:

    - Hole 350 returned 5.15 m of 0.84% Ni, including 1.3 m of 2.11% Ni

    - Hole 351 returned 0.5 m of 1.11% Ni

    - Hole 354 returned 17.16 m of 0.51% Ni, 5.65 m of 1.02% Ni

    - Hole 355 returned 25.37 m of 0.44% Ni, 2.74 m of 1.68%, 1 m of 3.43% Ni

    - Hole 357 returned 9.1 m of 0.89% Ni, including a 3 m section of 1.0% Ni

    This program has demonstrated that the William Lake trend is a prolific
nickel bearing property with continuity of mineralization.

    Additional assay results are pending on 8 holes including 2 holes in one
zone that intersected greater than 20 metres of massive sulphides in
each. The 2 holes are 75 meters apart in a zone that has historically
reported results (see 43-101 William Lake Technical Report) ranging from
1.44% Ni over 0.57 meters to 3.44% Ni over 2.10 meters. These are the
thickest massive sulphide intersections encountered in the 2007-08 drill
program and assay results are pending.

    Additional analyses are to include PGE (platinum group elements) analyses
on existing analyzed samples that return greater than 0.5% Ni or Cu
because historical analyses on the William Lake trend returned 9.3g/t Pt,
11.0g/t Pd, 2.1g/t Rh, 2.9g/t Ir and 10.4 g/t Ru (U of T results 43-101
William Lake Technical Report) from a composite sample from one of the
zones.

    Detailed drill results on the first 7 holes are tabulated below.
Intersection length provided is meterage measured down hole.


                                     Core   Core
Drill Hole        From        To   Length Length   Nickel

               (meters)  (meters) (meters) (feet)       %

WL08-PNI-350    543.95    546.37     2.42   7.94     0.55
 and            550.37    552.94     2.57   8.43     0.64
 and            600.70    605.85     5.15  16.90     0.84
 Incl.          604.55    605.85      1.3   4.27     2.11
 and            611.85    615.35      3.5  11.48     0.50

WL08-PNI-351    347.34    347.84      0.5   1.64     1.11

WL08-PNI-352 No significant values

WL08-PNI-353 Drill hole did not reach target

WL08-PNI-354    459.29    471.29       12  39.37     0.32
 and            542.71    561.67    18.86  61.88     0.38
 Incl.          542.71    551.97     9.28  30.45     0.47
 and            569.82    583.82       14  45.93     0.50
 Incl.          569.82    573.82        4  13.12     0.79
 and            592.60    596.19     3.59  11.78     0.65
 and            605.04    608.35     3.31  10.86     0.66
 and            619.06    636.22    17.16  56.30     0.51
 Incl.          631.06    636.22     5.16  16.93     0.70
 and            651.36    662.42    11.06  36.29     0.57
 and            659.36    662.42     3.06  10.04     0.93
 and            705.85    713.50     7.65  25.10     0.89
 Incl.          707.85    713.50     5.65  18.54     1.02

WL08-PNI-355    387.00    391.00        4  13.12     0.85
 and            413.00    417.00        4  13.12     0.63
 and            439.65    443.00     3.35  10.99     0.62
 and            441.00    466.37    25.37  83.23     0.44
 Incl.          457.00    459.00        2   6.56     1.00
 and            490.00    495.64     5.64  18.50     0.74
 and            594.86    597.60     2.74   8.99     1.68
 Incl.          594.86    595.86        1   3.28     3.43
 and            599.31    599.81      0.5   1.64     1.18

WL08-PNI-357    391.48    400.58      9.1  29.86     0.89
 Incl.          395.58    398.58        3   9.84     1.00
 and            477.75    481.75        4  13.12     0.53


    Drill hole location map from the program can be found at the company's
website: www.purenickel.com

    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. QA/QC programs employ the insertion of blanks and
CANMET certified reference material at regular intervals as quality
control. Additional standards, blanks and duplicate analyses are also
employed by the analytical laboratory.

    Core samples are delivered to TSL Laboratories Inc. preparation facility
in Saskatoon for crushing and pulverizing. Pulps are geochemically
analyzed for nickel, copper, cobalt and sulphur and samples containing
over 0.50% copper or nickel are reanalyzed with an assay technique using
an aqua regia digestion for both methods. The aqua regia technique
generally determines only the soluble sulphide nickel that is present and
does not determine the amount of silicate nickel that may be present.

    Phillip Mudry, P.Geol. is Chief Exploration Consultant for Pure Nickel
Inc. and is the designated Qualified Person (Q.P.) for the William Lake
Project. Mr. Mudry is supervising drill hole planning, implementation and
quality control/quality assurance programs at the William Lake project
for 2008.

    About William Lake:

    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.

    About Pure Nickel Inc.:

    Pure Nickel is a mineral exploration company with a diverse collection of
advanced nickel sulphide and PGE projects in Canada and Alaska. The
Company's 2008 exploration program is underway on multiple properties and
is fully funded.

    Some of the statements contained herein may be forward-looking statements
which involve known and unknown risks and uncertainties. Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are
forward looking statements that involve various risks. The following are
important factors that could cause the Company's actual results to differ
materially from those expressed or implied by such forward looking
statements: changes in the world wide price of mineral commodities,
general market conditions, risks inherent in mineral exploration, risks
associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to
additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future events
may differ materially from those anticipated in such statements. Pure
Nickel undertakes no obligation to update such forward-looking statements
if circumstances or management's estimates or opinions should change. The
reader is cautioned not to place undue reliance on such forward-looking
statements.

    Total Shares Outstanding: 67.766 million

    Fully Diluted: 92.410 million

    52-Week Trading Range: C$0.23 - $1.65


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

Contacts:
The Howard Group
Jeff Walker
Toll Free: 1-888-221-0915
Email: info@howardgroupinc.com
Website: www.howardgroupinc.com

Pure Nickel Inc.
David McPherson
President & CEO
(416) 644-0066
(416) 644-0069 (FAX)
Email: info@purenickel.com
Website: www.purenickel.com

Copyright 2008, Market Wire, All rights reserved.

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