Mr. James Walchuck reports

PACIFIC COAST NICKEL PROVIDES INVESTOR RELATIONS UPDATE

Pacific Coast Nickel Corp. has concluded its contract with Tribeca Capital Partners Inc. effective Oct. 1, 2010. The company thanks Tribeca for its work and support.

Ethos Consulting Ltd. has been retained to assist Pacific Coast with a strategic mix of corporate communications and investors relations services. These services include the creation, production and distribution of effective marketing communication tools and increasing investor awareness by introducing the company to private investors, analysts, brokers, fund managers, trade media, newsletter writers and other key influencers in the global commodities industry and the international investment community.

The company's chief executive officer, Jim Walchuck, states: "We are pleased to have Ethos as our partner in an investor relations capacity. The Ethos team has a wealth of experience and contacts from within our sector. We look forward to their involvement at this important stage of our growth in addition to continued corporate growth and development." Ethos and the company are arm's-length parties and Ethos has no direct or indirect interest in the company or its securities, other than those stock options described below. Pursuant to the terms of an agreement (the agreement) Ethos will receive a fee of $45,000, plus applicable taxes, payable in two instalments. The company will grant Ethos stock options to acquire 250,000 common shares in the capital of the company at an exercise price of 10 cents per common share with a right to earn-in additional options subject to renewal. The options will vest in stages over 12 months with no more than 62,500 options vesting in any three-month period, and are subject to the terms and conditions of the company's stock option plan. Such options shall be exercisable for a period of two years from the date of grant. The agreement and grant of options is subject to TSX Venture Exchange approval. The total cost of the agreement during the six-month term will be $45,000 plus approved expenses.