Mr. Grant Mourre reports

SPC NICKEL ANNOUNCES $3,000,000 PRIVATE PLACEMENT

SPC Nickel Corp. has arranged a non-brokered private placement of common shares and flow-through common shares in any combination to raise aggregate gross proceeds of up to $3-million for a maximum of 33,333,333 shares. Each common share will be issued at a price of nine cents per common share. Each flow-through share will be issued at a price of 10.5 cents per flow-through share.

The company may pay to eligible finders assisting in the offering: (i) a cash commission equal to 6 per cent of the gross proceeds raised by such finders; and (ii) such number of compensation warrants as is equal to 6 per cent of the total number of common shares and/or flow-through shares sold by such finders. Each compensation warrant shall be exercisable to acquire one common share at an exercise price of 10.5 cents per common share for a period of 12 months following the date of issuance.

The gross proceeds from the flow-through shares issued in connection with the offering will be used to advance both the company's Lockerby East project, located in the world-class Sudbury mining camp, and the company's Muskox property, located in Nunavut, Northwest Territories. In addition, such gross proceeds will be used to incur Canadian exploration expenses (CEE) that are flow-through critical mineral mining expenditures (as such terms are defined in the Income Tax Act (Canada)) on the company's mineral properties. Proceeds from the common shares issued in connection with the offering will be used for general working capital purposes.

The offering remains subject to the approval of the TSX-V.

About SPC Nickel Corp.

SPC Nickel is a Canadian public corporation focused on exploring for nickel/copper/platinum group metals within the world-class Sudbury mining camp. SPC Nickel is currently exploring its key 100-per-cent-owned Lockerby East exploration project, located in the heart of the historic Sudbury mining camp that includes the West Graham resource and the Crean Hill 3 property under option from Vale. SPC Nickel also holds three additional projects across Canada, including the large camp-scale Muskox project (located in Nunavut), the past-producing Aer-Kidd project (located in the Sudbury mining camp) and the Janes project (located 50 kilometres northwest of Sudbury). The corporate focus is on Sudbury, and SPC Nickel continues to look for new opportunities to add shareholder value.

We seek Safe Harbor.