Mirabela Nickel Limited - Export operations environmental licence awarded

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES/

TSX: MNB, ASX: MBN

Ordinary shares outstanding: 364,735,825

PERTH, Australia, March 25 /CNW/ - Mirabela Nickel Limited (TSX: MNB, ASX: MBN) is pleased to announce that it has been granted an environmental licence by the Municipal Council for Environmental Defense of Ilheus - Condema for the loading, storage and up-loading of nickel concentrate in the town of Ilheus. The granting of this licence clears the way for Mirabela to commence export operations through the Ilheus port, located approximately 136 kilometres from Mirabela's Santa Rita mine.

Mirabela is currently selling nickel concentrate to its domestic customer, Votorantim Metais Niquel S.A, with exports of nickel concentrate to Norilsk Nickel expected to commence during the second quarter 2010.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The ordinary shares offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

    
    For and on behalf of the Board

    Ian Purdy
    Chief Executive Officer
    

SOURCE Mirabela Nickel Ltd.

For further information: For further information: Canada, North America, UK and Europe contact: Alex Buck, Buckbias, Telephone: +44 7932 740 452, alex@buckbias.com; Australia contact: David Griffiths, Director, Gryphon Management Australia, Telephone: +61 8 9 382 8300, david.griffiths@gryphon.net.au

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Mirabela Nickel Ltd.

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