Mirabela Nickel - Issue of 1,500,000 Unlisted Incentive Options

    PERTH, Western Australia, June 18 /CNW/ - Mirabela Nickel Limited
("Company") (TSX - MNB, ASX - MBN).
    The Company intends to grant a total of 1,500,000 unlisted incentive
options exercisable at A$6.20 on or before 30 June 2011. These incentive
options will be split amongst ten key personnel integral to the development
through to commissioning of the Santa Rita project. The options will be
subject to vesting conditions that include a minimum period of service and the
achievement of milestones relating to successful development of the Santa Rita
    No directors will be participating in the issue of these incentive

For further information:

For further information: Nick Poll, Managing Director, Telephone: +61 8
9324 1177, www.mirabela.com.au

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Mirabela Nickel Ltd.

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