Company Information for Pure Nickel Inc

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Company Statement

Pure Nickel is one of North America’s largest nickel exploration companies. It has a premium portfolio of early and later stage exploration and development projects.

Operating in North America’s highest caliber geological environments for nickel exploration Pure Nickel continues its commitment to aggressive multi-million dollar exploration programs including drilling on its two principal areas: Thompson Belt (Manitoba) and MAN Project (Alaska).

Investor Summary

• North America’s largest Nickel Exploration Portfolio
• Properties are located in the Best Geographical setting for commercial discovery
• 2008 Drilling program fully funded and underway
• Maximize property exploration through JV initiatives
• Undervalued relative to our peer group.
• Highly qualified exploration management

Current Operations

Two Premier Properties

William Lake :

Location - The William Lake property surrounds William Lake in west-central Manitoba and is approximately 30 km northwest of Lake Winnipeg. The property claims lie between 70 and 110 kilometres north of the town of Grand Rapids.

Property Status – The property is 100% Company owned and is comprised of 147 claims covering 31,057 hectares.

Exploration - Xstrata through its precursor entity, Falconbridge, carried out a successful nickel exploration program during the period of 1989 to 2002 which included airborne and ground geophysical surveys and 260 diamond drill holes.

Winter 2008 Drill Program resulted in the discovery of a significant new mineralized zone comparable to the styles of mineralization and stratigraphic thickness typical in the Thompson Nickel Belt.

Reviewing the current exploration status of all the projects in Pure Nickel’s portfolio the William Lake Project is the most advanced property based on the exploration activity (primarily drilling) and results (potentially economic grade and width).  The William Lake project has consistently returned economic grade/width intersections with the previous drilling programs. 

MAN Alaska:

• 720 km² project area; 100% Company owned.
• Widespread high-grade nickel-copper-platinum group element (Ni-Cu-PGE)   showings up to 15.4% Ni, 7.19% Cu, 170 g/t PGE+ Au+Ag.
• Excellent infrastructure
•  Four major Triassic ultramafic-mafic intrusive complexes host Ni-Cu-PGE mineralization: Alpha, Beta, Canwell, Rainy.
•  Joint venture opportunities now under consideration.

Location - The MAN project is located approximately 266 kilometres southeast of Fairbanks and 402 kilometres northeast of Anchorage along the southern flank of the Alaska Range.

Access - The Richardson and Denali highways traverse the southeast portion and southern perimeter respectively of the project area.

Property Status - The MAN project comprises 2,966 State and Federal mining claims and prospecting sites encompassing an area of 74,051 hectares.

Exploration - The MAN project has greatly benefited from well-documented work programs by ACNC (American Copper and Nickel Company), Fort Knox and MAN Resources starting in 1991.

 

In May 2007 Pure Nickel conducted a VTEM B-Field airborne geophysical survey over the Alpha, Beta and East Rainy complexes of Pure Nickel’s MAN Alaska project area. From July 17, 2007 to October 3, 2007, 14 drill holes were completed on the Alpha Complex. Most of the drill holes encountered extensive zones of disseminated Ni-Cu-PGE sulphides.   Summer 2008 drill program will focus on the Beta Complex where the targets are at relatively shallow depths with one area containing Ni Cu sulphide outcroppings.

JV and Option Agreements

Pure Nickel’s objective is to focus on our premier properties but to advance all properties through strategic partnerships.

HPM Property – Under option with Manicouagan Minerals – Drilling Summer 2008

Raglan Properties – Under Option with Minergy Ltd. – Drilling Summer 2008

Manibridge Property – JV with Crowflight Minerals Inc.  – Drilling Summer 2008

Tower Property – Under Option with Rockliffe Resources Inc. – Drill Program planning underway

Geographical Spread

Canada & Alaska

Board of Directors and Key Management

Management
Mr. David McPherson	CEO and President
Dr. Dale Hull	Chief Operations Consultant
Dr. Larry Hulbert	Chief Consulting Geologist
Mr. Jeffrey Sherman	Chief Financial Officer
Mr. Phillip Mudry	Chief Exploration Consultant
Mr. Dallas Davis	Consulting Geologist
Board
Robert Angrisano	Chairman– Former CEO, Nevada Star Resource Corp.
David McPherson	CEO & President– Former senior bank executive
Steve Vaughan	Director – Partner, Heenan Blaikie LLP
Harry Blum	Director – C.A., Managing Partner, DMCT Consultants Inc.
Constantine Salamis	Director – Founder Manicouagan Minerals
R. David Russell	Director – CEO Apollo Gold Corporation

Company Address 95 Wellington Street West, Suite 900 Toronto, Ontario, Ontario, Canada M5J 2N7 Telephone: 416-644-0066 Facsimile: 416-644-0069 Email: info[at]purenickel.com Website: http://www.purenickel.com

Capital 67,765,560 - as at October 1, 2007

Annual General Meeting TBC

Year End November 30

Broker/Analyst Reports

26/09/07 - Fundamental Research Corp.

Related News

28/07/08 - Pure Nickel Spends The Summer In Alaska Manning The MAN Nickel Camp
30/10/07 - Pure Nickel Is Now The Largest Landholder On Canada’s Thompson Nickel Belt

Most Recent Statement

06/08/08 - Manicouagan Intercepts 2.34% Nickel and 0.97% Copper over 5.47 metres in First Hole Drilled on HPM/Forgues Property
24/06/08 - Pure Nickel Exploration Update
05/06/08 - Pure Nickel Grants Option on two Quebec Properties to Minergy Ltd.
03/06/08 - Pure Nickel Announces Significant New Zone On William Lake Property
11/04/08 - Pure Nickel Announces Initial Results from its William Lake Drill Program
03/04/08 - Pure Nickel Announces Appointment of CEO and President