DUMONT establishes advisory committee



    DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)

    TORONTO, July 17 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has approved the establishment of an Advisory
Committee to assist Dumont with development of its mineralized shale
Properties in Alberta and Saskatchewan. The first two appointees to the
Committee are Mr.Gordon J. Bogden, and Mr.Bryan H. Wilson, both of whom bring
considerable practical professional experience from financial and mining
industry backgrounds.
    Mr.Bogden brings to Dumont extensive experience as an investment banker,
who until recently served as Vice Chairman and Head of Global Mining and
Metals, Corporate and Investment Banking at National Bank Financial Inc. Prior
to National Bank, Mr. Bogden held senior positions with Beacon Group Advisors
Inc., Newcrest Capital Inc., N.M. Rothschild & Sons Canada Limited and CIBC
Wood Gundy Securities. Mr.Bogden holds a Bachelor of Science in Geology from
Queen's University and began his career as a professional engineer and
geophysicist, having co-founded Quantech Consulting Inc. He is a Certified
Corporate Director and has been a member of the board of directors of several
public mining and investment companies.
    Mr.Wilson brings to Dumont eighteen years' mineral exploration and
development experience as well as sixteen years' experience from the financial
services and investment banking sector. Since obtaining his Bachelor of
Science degree from the University of Waterloo in 1975, Mr.Wilson has served
in a variety of capacities ranging from geologist, manager, consultant, to
financial adviser, mining analyst and corporate finance specialist. He is
currently a director or senior officer of several public and private mineral
exploration companies. Mr.Wilson's mining industry background spans the full
range of activities from exploration to evaluation of mineral deposits, for a
variety of mineral commodities in many geological settings throughout the
world. His diverse background from both the financial and mining industries
makes him particularly well suited to achieving growth strategies through
financial solutions for companies involved in development and mining.
    In a statement Mr.Denis Clement, Chairman of Dumont, said ... "Dumont's
Board of Directors and management are pleased to have mining executives of the
calibre that Gordon and Bryan bring to the Company on an advisory basis. Their
diverse experience in the mining industry, in banking, finance, M&A, and
operations will greatly enhance Dumont's efforts to advance its significant
Alberta and Saskatchewan mineral projects".
    Dumont has granted 2,650,000 stock options, pursuant to the Company's
Stock Option Plan, to employees, officers, directors and its newly appointed
advisors, to allow for the purchase of up to an aggregate of 2,650,000 common
shares at a price of 10 cents per share for up to five years. Of the options
granted, an aggregate of 2,200,000 were granted to officers and directors.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    DNI - TSX Venture
    DG7 - Frankfurt
    Issued: 104,798,010

    %SEDAR: 00010711E




For further information:

For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO or Denis Clement, Chairman (416) 595-1195, email ir@dumontnickel.com; Also
visit www.dumontnickel.com

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DNI Metals Inc.

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