First Nickel Announces Changes to the Board of Directors With the Appointment of Joao Carrelo and Retirment of Thomas Pugsley

First Nickel Announces Changes to the Board of Directors With the Appointment 
of Joao Carrelo and Retirment of Thomas Pugsley 
TORONTO, ONTARIO -- (Marketwire) -- 02/04/13 -- First Nickel Inc.
("FNI", or the "Company") (TSX:FNI) today announced changes to the
Board of Directors with the appointment of Joao Carrelo and the
retirement of Thomas Pugsley effective February 1, 2013. 
Mr. Carrelo is a mining engineer and an MBA, having over 29 years
international operational, project and management experience within
the mining, metals, refining and fertilizer industries in Latin
America, Europe, Africa and India. Mr. Carrelo is currently President
- CEO and Director of Eco Oro Minerals Corp. Prior to joining Eco
Oro, he was Executive Vice-President & Chief Operating Officer of
Lundin Mining Corporation and he is currently a Director on the board
for SOMINCOR (Sociedade Mineira de Neves-Corvo S.A.) (Portugal).  
"We are very pleased to welcome Joao to our Board of Directors," said
FNI President and CEO Thomas Boehlert. "Joao brings a depth of
technical and managerial experience in both underground and open pit
mining environments located in politically and culturally sensitive
jurisdictions which will be beneficial to FNI's growth and
Mr. Pugsley is retiring after serving on the Board since 2004. Mr.
Pugsley served as Chairman of the Board from 2005 to 2012 as well as
a member of several committees of the FNI Board. Mr. Pugsley will
continue to serve as an advisor to FNI's Board of Directors Technical
"On behalf of FNI and the Board of Directors, I want to thank Tom for
his many contributions during the past 8 years. The Company is
fortunate to be able to continue to benefit from Tom's wisdom and
counsel as an advisor," said David Comba, Chair of FNI's Board of
About First Nickel 
FNI is a Canadian mining and exploration company. The Company's
mission is to be the most dynamic North American emerging base metal
mining company in which to work and invest and to be respected in the
communities in which we operate. FNI is in the process of ramping up
production at its Lockerby nickel / copper mine in the Sudbury Basin
in northern Ontario. In addition to the Lockerby Mine, the Company
owns exploration properties in the Sudbury Basin, the Timmins region
of northern Ontario, and the Belmont region of Eastern Ontario. FNI's
shares are traded on the TSX under the symbol FNI.  
Some of the statements contained in this news release are
forward-looking statements regarding First Nickel's business,
operations and financial performance and condition of First Nickel,
as well as its future plans, intentions, objectives or goals.
Forward-looking statements include, but are not limited to, future
production at the Lockerby Mine, anticipated production rates at the
Lockerby Mine, future production costs, capital expenditures,
exploration and development expenditures, and general and
administrative expenses. Generally, forward-looking statements can be
identified by the use of words such as "expects", "will", "enable",
"anticipates", "estimated" or words of similar effect. Since
forward-looking statements are not statements of historical fact and
address future events, conditions and expectations, forward-looking
statements inherently involve unknown risks, uncertainties,
assumptions and other factors well beyond the Company's ability to
control or predict. Actual results and developments may differ
materially from those contemplated by such forward-looking statements
depending on, among others, such key factors as fluctuating metal
prices, discrepancies between actual and estimated production,
mineral reserves and metallurgical recoveries, mining operational and
development risks, maintaining operating and exploration teams, and
other factors described in the Company's most recently filed Annual
Information Form under the heading "Risk Factors" which has been
filed electronically by means of the System for Electronic Document
Analysis and Retrieval ("SEDAR") located at The
forward-looking statements contained in this press release are based
on numerous assumptions regarding present and future business
strategies and the environment in which First Nickel will operate in
the future, including the prices of nickel and copper, anticipated
costs, currency rates, and the ability to achieve goals. The
forward-looking statements included in this document represent First
Nickel's views as of the date of this document and subsequent events
and developments may cause First Nickel's views to change. These
forward-looking statements should not be relied upon as representing
First Nickel's views as of any date subsequent to the date of this
document. Although First Nickel has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results not to be
as anticipated, estimated or intended. Accordingly, readers should
not place undue reliance on any forward-looking statements. First
Nickel does not undertake to update any forward-looking statements
that are included in this document, except in accordance with
applicable securities laws. 
First Nickel Inc.
Thomas Boehlert
President & CEO
(416) 362-7050
(416) 362-9050 (FAX) 
First Nickel Inc.
Paul Davis
Vice President of Exploration
(416) 362-7050
(416) 362-9050 (FAX)
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