The Howard Group

News Release September 10 , 2008
Pure Nickel Inc. (TSX - NIC)

Pure Nickel Inc.: Two New Zones of Mineralization Discovered Near Past-Producing Manibridge Mine

08:00 EDT Wednesday, September 10, 2008

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2008) - Pure Nickel Inc. (Pure Nickel, the Company) (TSX:NIC)(OTCBB:PNCKF) is pleased to announce results from exploration activities conducted in partnership with Crowflight Minerals Inc. (TSX VENTURE:CML) near the past-producing Manibridge Nickel Mine. Operated by Crowflight and initiated in June 2008, the program focused on the investigation of several high caliber nickel exploration targets located near the site of historical mining activity conducted by Falconbridge Ltd. during the early 1970s on the property.

Drilling has resulted in the discovery of two nickel zones located within 400 metres of past production and has confirmed an extension to the Manibridge deposit itself at depth. Assay results from the program include: 16.75 metres grading 1.38% nickel from hole MN08-01, 5.45 metres grading 1.18% nickel from hole MN08-02, and 6.3 metres grading 1.37% nickel from hole MN08-04. Table 1 summarizes all assay results from the drilling program.

Table 1.  Summary of Assay Results

Hole-ID

From

To

Width

Width

Ni%

 

 

 

(m)

(feet)

 

MN08-01

134.10

137.26

3.16

10.37

0.95

and

169.50

186.25

16.75

54.95

1.38

incl.

177.25

186.25

9.00

29.53

1.51

 

 

 

 

 

 

MN08-02

438.25

443.70

5.45

17.88

1.18

 

 

 

 

 

 

MN08-03

Hole Lost in Casing

 

 

 

 

 

 

 

 

 

 

MN08-04

434.86

465.78

30.92

101.44

0.95

incl.

455.20

461.50

6.30

20.67

1.37

 

 

 

 

 

 

 

 

 

 

 

 

MN08-05

No significant results

 

 

 

 

 

 

 

 

 

 

MN08-06

No significant results

 

 

 

 

Intersection intervals reported are core lengths, actual true widths are unknown at this time but are generally 70% to 80% of core length. Once known, true widths will be calculated for each intersection. These could vary somewhat from time to time as the zones are re-interpreted thereby altering the geometry.

The objective of this phase of the program was to identify new occurrences of mineralization associated with interpreted extensions to the Manibridge mine stratigraphy. Crowflight's V.P. Exploration, Greg Collins commented on the results of the summer program stating: "We are pleased with the results from our first investigations near Manibridge as we continue to identify new sources of potential mill-feed proximal to our operations at the Bucko Lake Nickel Project. Additional drilling in these areas is required to assess the resource potential of the intercepted mineralization, but for now the future looks promising near Manibridge."

Discussion of Results

MN08-01 - Intersected 16.75 metres grading 1.38% nickel including 9.0 metres grading 1.51% nickel associated with a new, near surface zone located approximately 300 metres north of past production at Manibridge. This zone remains open for expansion to the south and at depth.

MN08-02 - Intersected 5.45 metres grading 1.18% nickel that occurs 50 metres below anomalous mineralization intercepted by historical drilling from underground drilling in exploration drift at Manibridge. This zone remains open for expansion at depths below 300 metres vertical.

MN08-03 - Hole was lost in casing at depth of 141 metres.

MN08-04 - Intersected 6.30 metres grading 1.37% nickel within broader zone grading 0.95% nickel over 30.92 metres. This intercept confirms than an extension of the Manibridge trend is open at vertical depths below 400 metres and that a recently modelled interpretation for the plunge of the deposit to the north, away from previously investigated areas may be correct.

MN08-05 - Intersected key nickel hosting ospwagon stratigraphy and ultramafic rocks in the vicinity of the targeted magnetic feature but did not encounter any significant nickel mineralization. Based on the magnetic model and the drilling results, greater thicknesses of ultramafic would be expected if additional drilling was to be completed south of this hole.

MN08-06 - Intersected magnetic gneiss associated with what is interpreted to be key nickel hosting ospwagon stratgraphy explaining targeted anomaly. No significant nickel values returned.

A total of six holes comprising 2,496 metres were completed. All holes will be probed using downhole time domain EM geophysical instruments in preparation for a program of follow-up drilling to commence in the coming months. The Manibridge property is located approximately 20 kilometres south of Crowflight's mine and mill complex located at Bucko Lake, near Wabowden, Manitoba. Please refer to Figure 1 for a map depicting the location of the Manibridge Property and Figure 2 depicting the location of the discovered mineralization relative to previous drilling and past production at Manibridge.

Qualified Person/Quality Control Procedures

This press release has been prepared and reviewed by Mr. Greg Collins, P.Geo (APGO/APEGM), a Qualified Person under the National Instrument 43-101 guidelines. Fire assays were performed at the ALS-Chemex laboratory in Vancouver on all the samples for Gold and PGEs which undergo an ICP-AES finish and Sodium Peroxide Fusion. All other metals undergo an ICP-AES finish. Standards and blanks are submitted with each sample batch.

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$0.20 - $1.65

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

For further information contact:

Pure Nickel
Investor Relations
 

Dave McPherson
President & CEO
T. (416) 644-0066
F. (416) 644-0069
Email: info@purenickel.com
Website: www.purenickel.com

The Howard Group Inc.
Jeff Walker
Toll free: (888) 221-0915
Phone: (403) 221-0915
Email:
info@howardgroupinc.com
www.howardgroupinc.com