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Pure Nickel Commences Exploration at the MAN Alaska Property

Pure Nickel Commences Exploration at the MAN Alaska Property

TORONTO, May 23, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) (the
"Company") is pleased to announce that it has commenced its exploration
program on the MAN Alaska property. Activity in 2013 will consist primarily of
a 2200 metre drill program utilizing one helicopter supported drill rig.

The work program will focus on a zone of Nickel (Ni) - Copper (Cu) - Platinum
Group Element (PGE) mineralization, informally termed the Eureka zone,
identified in the Alpha mafic - ultramafic complex in 2012. The Alpha complex
is one of five discrete mafic –ultramafic complexes located on the 47,000 ha
MAN property in south-central Alaska.

The Eureka zone consists of a broad interval of disseminated sulphide
mineralization that straddles the contact between gabbroic and ultramafic
rocks in the northern half of the Alpha complex. The zone was encountered in
2010 drill holes PNI-10-35 and PNI-10-36, and 2012 drill hole PNI-12-063
confirmed the continuity of the mineralization. A review of historic drilling
on the property has shown that all drill holes that intersected the correct
stratigraphic interval encountered similar disseminated sulphide
mineralization and a table of drill intersections is provided below.

Eureka Zone Drill                                                  
Intercepts:
Drillhole                  From    To      ^1Length (m) Pt+Pd+Au Cu (%) Ni (%)
                                                        (ppb)^2
PNI-12-063                 146.55  227.50  80.95        315      0.17   0.25
Including                  146.55  164.50  17.95        347      0.20   0.24
Including                  185.50  204.52  19.02        398      0.21   0.28
PNI-10-036                 260.50  426.00  165.50       272      0.13   0.28
Including                  286.00  325.00  39.00        329      0.14   0.31
Including                  286.00  291.20  5.20         420      0.24   0.40
PNI-10-035                 277.00  309.00  32.00        169      0.10   0.23
PNI-10-035                 391.00  401.00  10.00        118      0.13   0.30
PNI-10-033                 385.00  416.00  31.00        100      0.08   0.24
PNI-10-029                 240.00  334.00  94.00        150      0.06   0.22
PNI-10-028                 417.00  471.00  54.00        147      0.10   0.24
Including                  459.00  471.00  12.00        126      0.16   0.23
PNI-10-030                 556.22  565.00  8.78         162      0.10   0.23
PNI-10-030                 503.00  511.00  8.00         200      0.12   0.25
PNI-07-001                 511.45  596.49  85.04        224      0.12   0.27
PNI-07-002                 380.09  388.01  7.92         438      0.07   0.27
FL-003                     173.74  250.85  77.11        237      0.14   0.23
FL-006                     298.09  376.43  78.33        236      0.13   0.27
Including                  360.88  375.21  14.33        349      0.23   0.29
MAN05-01A                  104.00  132.00  28.00        234      0.15   0.31
Including                  114.00  120.00  6.00         359      0.21   0.41
^1Lengths reported above are drill intersected core lengths and do not
represent true widths
^2ppb= parts per billion

The fact that all drill holes positioned in the correct stratigraphic level
intersected the same style of mineralization suggests that the Eureka zone may
be a continuous feature along most, if not all, of the strike length of the
Alpha complex. Past drilling has intersected the zone in widely spaced holes
along a strike length of 7 kilometres in the central part of the complex. No
historic drill holes were positioned in the correct stratigraphy across the
remaining portions of the complex, and the zone is thus open to the east and
west. Jon Findlay, Ph.D, P.Geo. is the designated Qualified Person for this
project.

Corporate Update

The Company also announces that Jeffrey Sherman has resigned as Chief
Financial Officer effective May 31, 2013 to allow him more time to pursue
hisother business interests. Jeffrey was instrumental in helping the company
establish effective governance procedures and controls and has been a valuable
asset to the Company over the past five years. Pure Nickel wishes him well in
his future endeavours. Jennifer Scoffield has been named interim Chief
Financial Officer.

About the MAN Alaska property

The MAN Nickel (Ni) – Copper (Cu) – Platinum Group Element (PGE) Alaska
property is located at the junction of the Denali and Richardson highways in
south-central Alaska, approximately 250 kilometers southeast of Fairbanks.The
property consists of both state and federal claims, with a total area of
approximately 47,000 hectares. Five discrete mafic-ultramafic intrusive
complexes occur on the property, the largest of which, the Alpha complex,
measures approximately 33 kilometers by 3 kilometers.

The MAN property is being explored under a joint venture agreement with ITOCHU
Corporation. ITOCHU has earned a 30% ownership interest, and has funded
approximately US$21 million of exploration work since 2008. ITOCHU may earn up
to a 75% interest by incurring US$40 million of exploration expenditures on
the property.

About Pure Nickel Inc.

Pure Nickel is a TSX listed mineral exploration company with a premium
collection of properties in North America. The Company is currently active on
its two Alaskan properties, MAN and Salt Chuck, as well as on the William Lake
Nickel project in Manitoba.In 2012 the Company completed an initial drilling
program at Salt Chuck that resulted in a new high grade gold discovery (see
press release dated December 11, 2012). A follow-up drill program to test the
extents of the gold mineralization at Salt Chuck is planned for 2013. In
addition, the Company completed an initial resampling of historic core at its
William Lake Nickel project which resulted in the identification of
significant concentrations of PGE in the nickel sulphide mineralization.
Further resampling is planned for 2013 at William Lake. The Company continues
to actively pursue other, non-nickel properties in North America and overseas.
With $1.6 million cash on hand and working capital of $2.6 million, Pure
Nickel is in a favourable financial position to continue these activities.

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.

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