Mr. Binyomin Posen reports

CUMBERLAND RESOURCES CEO BINYOMIN POSEN RESIGNS

Binyomin Posen has voluntarily resigned as chief executive officer of Cumberland Resources Nickel Corp. Mr. Posen will remain a director of the company. Effective immediately, the company has appointed Kelly Abbott as the new chief executive officer of the company.

Mr. Abbott has over 15 years of experience in entrepreneurship and has founded multiple companies ranging in size and industry. Mr. Abbott has extensive experience in public markets and has helped secure millions of dollars in capital in private and public ventures. Mr. Abbott's expertise is in marketing, corporate strategy, venture capital and business development.

About Cumberland Resources Nickel Corp.

Cumberland holds 100-per-cent interest in the St. Anthony property, located in Newfoundland, Canada. The company is focused on acquiring, exploring and developing its mineral properties.

We seek Safe Harbor.