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Pure Nickel Inc.

12:00 PM EST - Pure Nickel Inc. : reported results from a successful exploration season at its MAN, Alaska property. Analysis of over 3,400 assay core samples has revealed stratigraphic horizons in the Alpha and Beta Complexes that have elevated platinum and palladium values strongly suggesting that stratiform PGE mineralization (platinum + palladium) is present, similar to that found in other stratiform PGE bearing complexes elsewhere in the world. In addition it is the first time that narrow intersections of high-grade semi-massive sulphide lenses were discovered returning grades of 3.42% nickel and 4.27% copper. Pure Nickel Inc. shares T.NIC are trading down $0.04 at $0.17.