Dumont presents its Alberta polymetallic shale projects at Calgary Mining Forum April 22, 2009

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

    TORONTO, April 15 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it will be making a technical presentation of its
Alberta polymetallic shale projects at the Eighteenth Annual Calgary Mining
Forum, on April 22, 2009, at the Ramada Hotel Downtown, Calgary.
    Dumont continues to make steady progress on advancing work on its Alberta
polymetallic shale Properties, and is preparing to commence metals recovery
testwork relying initially on previously archived third-party drill core
samples from the Properties. Intentions are to augment the available samples
with additional material to be collected via trenching during the upcoming
field season.
    Work in progress includes ongoing detailed structural synthesis of the
entire 2,536 square kilometer land position, intended to better localize what
are believed to be corridors of volcanic venting associated with metallic
mineralization. Dumont has so far relied on the historic database consisting
of 207 oil/gas wells for subsurface geological interpretations of its large
land position. Data from an additional 1200 third-party oil/gas wells drilled
over the Property are currently being collated into the subsurface database to
significantly enhance three dimensional geological resolution of the targeted
    Dumont also announces that it has completed the second tranche of a
non-brokered private placement of non-flow-through shares, with arm's length
parties, for total proceeds of $11,500 pursuant to terms announced March 10,
2009. The securities issued under the private placements are subject to a
four-month hold period expiring on August 16, 2009. The financing consisted of
placement of 1,150,000 units at a price of one cent per unit, each unit
consisting of one common share and one common share purchase warrant entitling
the holder to purchase an additional common share of the company at a price of
five cents for a period of twelve months from closing. The second tranche
concludes the foregoing financing which was subscribed to its aggregate
maximum of $200,000. Proceeds of the financing will be applied toward ongoing
work on Dumont's polymetallic shale Properties in Alberta, and toward meeting
short term operating working capital requirements.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    DNI - TSX Venture
    DG7 - Frankfurt
    Issued: 153,898,010 (155,048,101 post financing)

    %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

Organization Profile

DNI Metals Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890