Mirabela Nickel Limited files preliminary prospectus



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    PERTH, Western Australia, March 28 /CNW/ - Mirabela Nickel Limited
("Mirabela") (TSX: MNB, ASX: MBN) is pleased to announce that it has filed and
received a receipt for its preliminary prospectus in respect of a public
offering of ordinary shares in each of the provinces of Canada, other than
Quebec. The number of ordinary shares to be offered and the price per share
will be determined prior to the filing of the final prospectus.
    The offer will be made by a group of agents led by Sprott Securities Inc.
and including Dundee Securities Corporation, GMP Securities L.P., RBC Dominion
Securities Inc. and BMO Nesbitt Burns Inc.

    Mirabela is a mineral exploration company incorporated under the laws of
Australia and listed on the Toronto Stock Exchange and the Australian Stock
Exchange. Mirabela has a portfolio of prospective nickel and other base metal
projects in Brazil. Mirabela expects that the net proceeds from this offering
will be used to finance a portion of the capital costs of the Santa Rita
disseminated nickel sulphide deposit in Bahia State, Brazil.
    Additional information relating to Mirabela is available on the company's
website at: www.mirabela.com.au.

    The securities referred to herein have not been registered under the US
    Securities Act of 1933 and may not be offered or sold in the United
    States or to a US person absent registration or an applicable exemption
    from registration.





For further information:

For further information: Nick Poll, CEO and Managing Director,
Telephone: +61 8 9324 1177, Facsimile: +61 8 9324 2171, Email:
info@mirabela.com.au

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Mirabela Nickel Ltd.

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