Mirabela to commence trading on Toronto Stock Exchange today



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

    PERTH, Western Australia, March 26 /CNW/ - Mirabela Nickel Ltd. (the
"Company") (ASX: MBN) is pleased to announce that it will commence trading on
the Toronto Stock Exchange as of today 26 March under the trading symbol MNB.
This will allow the Company to directly benefit from strong interest in the
Canadian investment community in its Santa Rita nickel sulphide project.
    The Toronto Stock Exchange is home to over 60% of the worlds mining
companies with a combined market capitalization of over C$300bn. The TSX
listing is expected to facilitate the raising of capital to fund the equity
component of the Santa Rita project and, in conjunction with that raising,
generate more liquidity in the Company's shares.
    Mirabela also wishes to announce the appointment of Joe Hamilton as a non
executive director of the Company. Joe has extensive experience with the
Toronto market and the TSX.
    Joe has over 22 years experience in the international mining industry and
is currently the Chief Executive Officer and a director of African Copper Plc.
As a precious metals research analyst with Dundee Securities Corporation and
with RBC Capital Markets, Global Mining Division, Joe gained extensive
experience reviewing and analysing resource companies. Joe holds a B.Sc.
(Hons) degree from the University of Toronto and a Masters of Science
(Applied) from Queens' University. He is currently a member of the CFA
Institute and is a Chartered Financial Analyst.
    The Company extends a warm welcome to Joe; we look forward to benefiting
from his skills and experience as a dual listed company.

    Additional information relating to the Company is available on the
Company's website at: www.mirabela.com.au.

    Not for distribution to United States newswire services or for
    dissemination in the United States. 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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