Fletcher Nickel adds second drill at Texmont Mine

    TSX: FL

    TORONTO, Jan. 24 /CNW/ - Fletcher Nickel Inc. (TSX: FL) has now started a
second diamond drill at its exploration program at the Texmont Nickel Mine
south of Timmins. As described in the prospectus for the company's IPO
completed November 29th, 2007, re-drilling of the mine's historical reserves
commenced on August 15th although no core samples were submitted for analysis
until after completion of the IPO. Recently, the 1.3 kilometer-long IP anomaly
striking north of the mine's historic reserves has received initial drilling.
Based on the visually-observed results of that drilling, the company engaged
another contractor to provide a second drill rig to the site, which commenced
drilling last week. Core sample analysis results are expected to be received
on a regular basis, commencing shortly. The contents of this news release have
been reviewed and approved by the company's Exploration Manager David
Bielhartz, P.Geo, who is a Qualified Person. Readers are also referred to the
disclosures made in the company's prospectus, filed on SEDAR.

    %SEDAR: 00025268E

For further information:

For further information: Bruce Hodgman, Communications Director, Direct:
(905) 582-9744, Telephone: (416) 642-3575, Facsimile (416) 363-7875,

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