Pure Nickel Inc. Announces Granting of Stock Options

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Pure Nickel Inc. (the "Corporation") (TSX:NIC)(OTCBB:PNCKF) announces the Board of Directors granted stock options to a technical service provider totaling 100,000 shares based on an exercise price of the average of the last five days closing prices consistent with the company's Option Plan. Options vest immediately.

About Pure Nickel Inc.:

Pure Nickel is a mineral exploration company with multiple nickel sulphide and PGE projects in Canada and Alaska. The Company's 2007 exploration program is underway on multiple properties and is fully funded.

Total Shares Outstanding: 67.766 million

Fully Diluted: 92.410 million

52-Week Trading Range: C$0.67 - $1.65

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

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