Pure Nickel Inc. of Toronto Anticipates Growth Over Next Two Years

Jay Jaski, CEO of Toronto, Canada-based Pure Nickel Inc., last night presented a financial and operating outlook for this nickel exploration company

Jaski, an executive with over 25 years of corporate, financial and business experience, has assembled an experienced and knowledgeable team of technical and business experts, to explore for high-grade nickel in a number of sites in Canada and elsewhere.

Four of its projects include: MAN Ni-Cu-PGE in Alaska; FOND du LAC Ni-Cu, in Saskatchewan; FOX RIVER Ni-Cu-PGE in Manitoba and XSTRATA NICKEL CANADIAN PROPERTY PACKAGE in William Lake, Manibridge and South Raglan properties.

In the case of Xstrata, the company recently signed an agreement to acquire ten nickel exploration properties from Xstrata Nickel. "This dramatically expands NIC's potential as it moves into the ranks of being one of North America's largest nickel exploration companies," the company said in a press release.

Jaski presented a case for high-grade nickel deposits in all of these locations. And with his strong background in business and finance, and the experienced team behind him, he expects that its valuation will increase substantially over the next two years from its current approximately $1.50 per share price

Pure Nickel became a publicly traded company in March 2007. Shares of Pure Nickel are listed on the TSX Venture Exchange under the symbol “NIC” and on the NASDAQ OTC Bulletin Board under the symbol ”PNCKF”".