Mr. Terry Lynch reports

POWER NICKEL HITS 25 METRES OF MASSIVE AND SEMI MASSIVE SULFIDES ON 300 METRE STEP OUT IN FIRST HOLE OF FALL PROGRAM

Power Nickel Inc.'s stepout hole testing the Nisk Main deposit 300 metres to the south and east of previous drilling has encountered at a down-hole depth of 457 metres about 25 metres of massive and semi-massive sulphides.

The hole is testing at depth an area to the east of two of the best holes, PN-22-009 and PN-23-035.

"Pretty as a picture. The scientific team has done a terrific job using both traditional scientific tools like gravity, IP, airborne and down-hole EM together with the newer ambient noise tomography to guide us to an exciting new growth zone for Nisk Main. This southeast trend is one of three we have identified at Nisk Main and all look very promising at depth and along strike," commented Power Nickel chief executive officer Terry Lynch.

"The southeast plunge within the mineralized horizon is a compelling observation. Testing identified plunges at progressive deeper depths is the strategy behind these initial few holes of our fall campaign. Although the grade cannot be presumed now, successfully intersecting these massive and semi-massive sulphides is a very encouraging start to our program," commented vice-president, exploration, Kenneth Williamson.

Qualified person

Mr. Williamson, Geo, MSc, vice-president, exploration, at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.

About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on developing the high-grade Nisk project into Canada's first carbon-neutral nickel mine.

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