Pure Nickel Reports Fiscal Year-end results and 2009 Highlights Year-end
Results
2009 Highlights
Pure Nickel is pleased to report that despite the market turmoil in the early half of 2009 it was able to continue to advance several of its properties.
- The company continued to work with our MAN project partner, ITOCHU Corporation, to further advance the property. To this end we completed an extensive exploration program on our MAN Alaska property which included 4,200 metres of drilling and an extensive geophysical program. - Pure Nickel completed a helicopter-supported field program at the SR1 property in Quebec. - The company became 50-50 joint venture partners on the HPM/Forgues property as a result of our project partner, Manicouagan Minerals Inc, expending the required amount of funds on exploration. - The company commenced 2010 with approximately $5.5 million cash on hand.
MAN Alaska property
The MAN property is currently under joint venture agreement with ITOCHU Corporation of
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of advanced multiple nickel sulphide and PGE (Platinum Group Elements) projects in
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and expectations, plans, and objectives of Pure Nickel are forward looking statements that involve various risks. The following are important factors that could cause Pure Nickel's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Pure Nickel undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information: The Howard Group, Jeff Walker, Toll Free: 1-888-221-0915, Email: [email protected], www.howardgroupinc.com; Pure Nickel Inc., David R. McPherson, President & CEO, T. (416) 644-0066, Email: [email protected], www.purenickel.com
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