Victory Nickel Inc. (TSX: NI) is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago and Mel in Manitoba, and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. In October, 2008 the Company acquired 77% of the issued and outstanding common shares of Independent Nickel Corp. (TSX: INI), which holds a 100% interest in the past producing Lynn Lake Nickel Mine in northern Manitoba.

Minago Project

Located 225 km south of Thompson, Manitoba in the Thompson Nickel Belt. One of Canada's largest undeveloped nickel deposits with measured and indicated resources of 49 million tonnes (10.3Mt measured, 38.8Mt indicated) grading 0.516% nickel, plus an additional inferred resource of 44 million tonnes grading 0.528% nickel.

Mel Project

Located approximately 25 km north of Thompson, Manitoba. Joint venture with Vale Inco Limited offering near-term production potential and exploration upside with 4.3 million tonnes of measured and indicated resources grading 0.875% nickel for 83 million pounds of near-surface in-situ nickel.

Lac Rocher Project

Located 160 km east-northeast of the town of Matagami in northwestern Québec. High grade discovery with a 3.2 metre massive sulphide intersection returning a weighted average of 10.8% nickel as part of a 61.5 metre interval grading 1.69% nickel. Measured and indicated resource totals 1.2 million tonnes grading 0.93% nickel for an in-situ total of 25 million pounds of nickel.

Lynn Lake Nickel Mine (77% interest through Independent Nickel Corp.)

Located adjacent to the Town of Lynn Lake in Manitoba 320 km from Thompson. Measured and indicated mineral resource of 16.1 million tons grading 0.7% nickel and 0.4% copper.

René R. Galipeau, CGA, Vice Chairman, CEO & Director
Over 30 years of mining experience, including senior positions with Hudson Bay Mining, Breakwater Resources, Lac Minerals, and Rio Algom.

Steve Harapiak, President & COO
Engineer with over 30 years of experience, including Hudson Bay Mining and Smelting, Noranda, Denison Mines and Potash Corporation of Saskatchewan (Crown Corp.).

Alison Sutcliffe, Vice-President, Finance & CFO
Formerly Controller of Victory Nickel with international experience in accounting, public sector disclosure and controls.

Paul L. Jones, B.Sc., P.Geo., Vice President, Exploration
Over 20 years of experience. Serves as Victory Nickel's qualified person in all exploration matters.

Sean Stokes, Corporate Secretary, Director of Investor Relations
19 years of communications experience, 12 of which in mining, including Tiberon Minerals, Scandinavian Minerals, and Liberty Minerals.

W. Warren Holmes, B.Sc., P.Eng., MBA, Chairman & Director
38 years with Noranda and Falconbridge. Former Senior Vice President, Falconbridge Canadian Mining Operations.

Frank J. Crothers, Director
Chair & CEO of Island Corporate Holdings. Vice-Chair of Caribbean Utilities. Director of Franklin Templeton and Fidelity Merchant Bank & Trust.

Richard Murphy, B.Sc. Geol., Director
President & CEO of Independent Nickel Corp. since March, 2005. Prior to joining Independent Nickel in 2004 was Vice President, Corporate Development with Wallbridge Mining Company Limited.

Howard Stockford, P.Eng., Director
Over 40 years of experience with Falconbridge, Aur Resources. Serves on the boards of Aur and Agnico-Eagle. Past President of CIM.

Cynthia Thomas, MBA, Director
Over 20 years of international mining and project financing experience. Former Director, Investment Banking, Mining Group at ScotiaMcLeod.

T. Mike Young, P.Eng., Director
Metallurgist with 45 years of experience, including Anglo American, Rio Tinto, Normandy, Diamond Fields, and Falconbridge.

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