Expiry of Options

PERTH, Australia, Feb. 24 /CNW/ - Mirabela Nickel Limited ("Mirabela" or the "Company") (ASX: MBN) (TSX: MNB) advises that 1,800,000 options were not exercised by the expiry date of 23 February 2011 and as a result have lapsed.

SOURCE Mirabela Nickel Ltd.

For further information:

Bill Bent
Vice President, Business Development
Mirabela Nickel Limited
Telephone: +61 433 790 070
        Alex Buck
Telephone: +44 7932 740 452

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Mirabela Nickel Ltd.

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