Mirabela Nickel - Share Sale

    PERTH, Australia, Oct. 17 /CNW/ - Mirabela Nickel Limited (TSX: MNB, ASX:
MBN) announced today that the Company's Managing Director, Mr Nick Poll, has
sold 1 million shares at C$5.45 each.
    Mr Poll recently contracted to purchase a residential property in Perth
and the share sale is to fund the acquisition of this property. The sale
represents less than 20% of Mr Poll's total share and option holding in the
Company and no further sales are planned.

For further information:

For further information: Craig I. Burton, Executive Director, Telephone:
+61 8 9324 1177, Email: info@mirabela.com.au

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Mirabela Nickel Ltd.

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