Pure Nickel Inc. Commences Exploration Drilling on Alaskan MAN Project

TORONTO, ONTARIO, Aug 01, 2007 (MARKET WIRE via COMTEX News Network) --

Pure Nickel Inc. (the "Company") (TSX VENTURE: NIC)(OTCBB: PNCKF) announces that it has commenced its 4,000 metre exploration drilling program on its 100% owned Alaskan MAN project. MAN represents the largest of Pure Nickel's 100% owned properties and is significant for its high grade nickel and copper values. Pure Nickel's 2007 exploration budget for the MAN project is CDN $4.0 million and is fully funded.

Since May 2007 the Company has completed a 3,327 line-km VTEM B-field system airborne geophysical survey and an extensive geochemical survey on the property. In combination with previous exploration on the property Pure Nickel has used this new data to establish high priority targets that will be tested over the coming months.

Peak Exploration Ltd., (Peak Drilling) Courtenay, British Columbia has been contracted to carry out the drill program and will continue operations through the first week in October weather permitting.

Dr. Larry Hulbert, Chief Exploration Officer, said: "We eagerly await the findings of the current exploration drill program which will be testing a number of new B-field and late channel VTEM anomalies in areas not previously drilled".

About Pure Nickel www.purenickel.com

Pure Nickel is a mineral exploration company with multiple, advanced nickel sulphide and PGE projects in Canada and Alaska. The Company has recently signed an agreement to acquire ten nickel exploration properties from Xstrata Nickel. This dramatically expands Pure Nickel's potential as it moves into the ranks of North America's largest nickel exploration companies. The company is currently conducting an $8.0 million fully-funded 2007 exploration program.

This document may contain or refer to forward-looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

Total Shares Outstanding: 44.765 million Fully Diluted: 53.515 million

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