Pure Nickel Inc. - NI 43-101 Report Initiated for Tower Property

Pure Nickel Inc. - NI 43-101 Report Initiated for Tower Property

TORONTO, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) (the
"Company") reports that Caracle Creek International Consulting Inc. has
commenced an independent National Instrument 43-101 Technical Report on the
Tower Property. The report is anticipated to be completed before the end of
November 2012 and will include geological modelling and resource estimation on
the high grade T-1 Copper Deposit which is located in central Manitoba. The
deposit is host to high grade copper, gold, zinc and silver mineralization and
is located within 500m of a major highway, power lines and the recently
discovered T-2 Copper Zone.A total of forty-one (41) drill holes (including
eight historic holes) totalling almost 17,000m have been completed on the T-1
Copper Deposit.Eighteen (18) of the drill holes (45%) intersected high copper
grades exceeding 3.0%, results have been previously announced in earlier news
releases and some are highlighted in the table below:

                                       
Hole #   Width (m)* Copper % Gold g/t Zinc% Silver
TP11-08  8.2        7.6      2.0      1.7   35.4
TP11-10  2.6        7.6      0.6      1.8   32.0
TP10-04  2.7        7.0      2.7      1.3   32.2
TP11-21  4.9        6.1      1.6      2.0   35.9
BK00-313 3.8        5.3      0.9      2.0   22.0
TP11-09  3.7        5.2      0.8      1.2   23.0
TP11-12  2.9        4.6      1.2      1.2   22.0
TP11-22  3.7        4.5      0.3      1.7   21.4
TP11-13  3.3        4.0      0.3      0.8   15.3
TP11-17  4.0        3.9      0.6      0.6   18.3
TP10-02  2.6        3.6      0.5      0.8   17.6
BK00-314 2.1        3.7      0.4      2.0   14.4
TP11-16  2.7        3.6      0.3      1.0   19.5
TP10-01  2.7        3.4      1.2      0.7   18.6
BK00-311 3.1        3.3      1.4      0.4   10.7
TP10-05  7.5        3.3      0.3      0.8   17.6
TP11-07  4.6        3.2      1.1      0.6   17.5
TP11-14  2.8        3.1      0.4      1.1   14.4

*down hole drill widths

David McPherson, President and CEO of Pure Nickel commented, "We are very
pleased to see this new work initiated on Tower. With its proximity to
infrastructure and excellent drilling results to date, we look forward to
seeing continued development of this asset."

Pure Nickel granted Rockcliff Resources Inc. the option to earn a 70% interest
in the property by paying $150,000 in incremental payments and incurring
aggregate exploration expenditures totalling $4,000,000 over four
years.Rockcliff has recently exercised the option to earn its 50% interest by
spending $2,000,000 on exploration expenditures and paying $90,000 to Pure
Nickel Inc. over the last two years.Both parties will now form a joint
venture and Rockcliff can earn an additional 20% in the property by spending
an additional $2,000,000 in exploration expenditures and paying a total of
$60,000 over the next 2 years. An underlying 2% NSR on the property is held
by Xstrata Nickel, of which half can be purchased for $1,000,000.Ken Lapierre
P.Geo., of Rockcliff Resources Inc., is the designated Qualified Person for
this project.

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of
nickel, copper and platinum group element exploration projects in North
America. The Company is currently active on two properties: its flagship MAN
property, which is fully funded under an option agreement with Itochu
Corporation of Tokyo, Japan and the Salt Chuck property in the Alaskan
panhandle. The Company is also re-evaluating historic core from its William
Lake property to determine copper and platinum group metal (PGM) contents in
known nickel mineralization. In addition, the Company is actively pursuing
other, non-nickel properties in North America and overseas.

Forward Looking Statements

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, 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 world wide 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.

CONTACT: CHF Investor Relations
         Cathy Hume
         T. (416) 868-1079 x 231
         Email: cathy@chfir.com
         Website: www.chfir.com
        
         The Howard Group Investor Relations
         Jeff Walker
         T. (888) 221-0915
         Email: info@howardgroupinc.com
         Website: www.howardgroupinc.com
        
         Pure Nickel Inc.
         David McPherson
         President and CEO
         T. (416) 644-0066
         Email:  info@purenickel.com
         Website: www.purenickel.com
 
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