Dumont revises planned financing terms



    (DNI: TSX-Ven, DG7: Frankfurt)

    TORONTO, Sept. 24 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has amended the terms of its planned non-brokered
private placement financing announced August 13, 2008, to better harmonize the
terms with recent market conditions. The revised terms contemplate two
different types of units, one of which also includes flow-through shares. The
revised terms are as follows:

    Unit-A: consisting of up to 1 million units at a price of 25 cents per
unit, for gross proceeds of up to $250,000, each unit consisting of five (5)
shares at five cents each, comprising four (4) flow-through shares, one (1)
common share and one (1) common share purchase warrant entitling the holder to
purchase an additional common share of the company at a price of 10 cents for
a period of eighteen months from closing.

    Unit-B: consisting of up to 5 million units at a price of 5 cents per
unit, for gross proceeds of up to $250,000, each unit consisting of one (1)
common share and one (1) share common purchase warrant entitling the holder to
purchase an additional common share of the company at a price of 10 cents for
a period of eighteen months from closing.

    Proceeds of the financing will be applied toward completion of NI-43-101
compliant Technical Reports in connection with Dumont's recent acquisition of
polymetallic shale Properties in Alberta and Saskatchewan, for commencing
initial preparatory work on the Properties, and toward working capital.
Insiders might participate in the financing.
    The financing is subject to regulatory approvals.

    
    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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