Pacific Coast Nickel Corp. Options Yukon Property

VANCOUVER, BC, May 20 (MARKET WIRE) --
Pacific Coast Nickel Corp. (TSX-V: NKL) is pleased to announce it has
entered into an agreement, subject to TSX-V approval, to option a property from
Strategic Metals Ltd.

Michael Sweatman, Pacific Coast Nickel President, stated that, "This
represents
a diversification as to location but remains with our philosophy of seeking
prospective nickel prospects. We continue to seek other key properties to
enhance our portfolio of properties."

The Property

The 120 claim (2500 hectare) Burwash property is 100% owned by Strategic
Metals
Ltd. It is located in the Kluane Ranges of southwest Yukon, 8 km by all
weather road from the Alaska Highway. All areas of exploration interest on the
property are served by a network of four-wheel-drive roads.

The exploration target is nickel-copper-platinum group element (PGE)
mineralization related to intrusions of the Late Triassic Kluane
Mafic-Ultramafic Suite that were emplaced during a period of uplift and
extension related to widespread basaltic volcanism. The Burwash property
overlies
the east half of the Quill Creek Mafic-Ultramafic Complex, a 20 km long
multiphase sill-like intrusion that attains a maximum thickness of over 1
km. The Complex hosts a number of nickel-copper-PGE occurrences. The most
significant and well explored of these is the Wellgreen Mine which adjoins the
Burwash property to the west.

The Wellgreen deposit was discovered in 1952. Exploration and development
during the
1950s and 1960s culminated in limited underground production from isolated
massive
sulphide lenses in 1972 and 1973. Exploration was renewed in the late 1980s
with an aggressive program of surface and underground diamond drilling that
was directed toward developing a bulk tonnage, open pittable resource. A 1989
pre-feasibility study outlined a combined proven and probable reserve of 50
million tonnes grading 0.36% nickel, 0.35% copper, 0.54 g/t platinum and 0.34
g/t palladium (note: this calculation pre-dates the implementation of NI
43-101 and should not be relied upon).

The Agreement

The agreement which is subject to TSX-V approval, contains the following
basic
terms:

(a) The First Option by:

(i) making the following cash payments to the Optionor:

(1) $25,000 upon the execution of this Agreement by both parties;
(2) an additional $40,000 on or before March 31, 2009; and
(3) an additional $60,000 on or before March 31, 2010;

(ii) allotting and issuing the following common shares in its capital stock
to the Optionor:

(1) 100,000 shares within three (3) business days of the Effective Date;
(2) an additional 100,000 shares on or before March 31, 2009;
(3) an additional 150,000 shares on or before March 31, 2010 (collectively
with the shares in (1) and (2) above, the "Shares"); and

(iii) incurring the following Expenditures on the Property by December 1,
2010 (the "First Option Deadline"):

(1) $400,000 on or before December 1, 2008;
(2) an additional $1,300,000 on or before December 1, 2009;
(3) an additional $1,300,000 on or before December 1, 2010;

After exercise of the first option the Company will have earned a 50%
interest in the property.

(b) the Second Option, provided it has exercised the First Option, by
providing the Optionor with a positive bankable feasibility study in respect
of the Property on or before March 31, 2013 (the "Second Option Deadline");

After exercise of the second option the Company will have earned a 60%
interest in the property.

and

(c) the Third Option, provided it has exercised both the First Option and
the
Second Option, by providing all of the funding required to put the Property
into commercial production on or before March 31, 2016 (the "Third Option
Deadline");

After exercise of the third option the Company will have earned 75% interest
in the property.

About Pacific Coast Nickel Corp.

Pacific Coast Nickel Corp. is actively exploring properties which are
prospective for nickel and copper. The Company's other major property is
the Big Nic property located approximately 20 kilometres north-west of Hope,
BC, immediately west of the former Giant Mascot Mines, a former nickel and
copper producer. Targets include both high-grade massive sulphide styles and
bulk
tonnage basal and margin styles.

Murray McClaren, P. Geo is the qualified person under National Instrument
43-101 who
has reviewed and approved the contents of this New Release.

For further information please contact Michael Sweatman, President,
604-684-4312 or
Jevin Werbes at Longview Capital Partners, 604-681-5755.

The TSX Venture Exchange does not accept responsibility for the adequacy
oraccuracy of this release.

This news release may contain forward--looking statements based on
assumptions and judgments of management regarding future events or results that
may prove to be inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected
results.

Distributed by Filing Services Canada and retransmitted by Marketwire

For further information, please contact:

Michael Sweatman
President
Pacific Coast Nickel Corp.
(604) 684-4312

Jevin Werbes
Longview Capital Partners
(604) 681-5755

Pacific Coast Nickel Corp.
Suite 605 475 Howe Street
Vancouver BC
V6C 2B3
Tel: (604) 684-4312
Fax: (604) 608-3294

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