Independent Nickel Shareholder Supports Victory Nickel Offer

Independent Nickel Shareholder Supports Victory Nickel Offer

Wednesday, August 27th 2008

Victory Nickel Inc. announces that it has received unsolicited written support from Ryan Kalt, an Independent Nickel shareholder and respected Canadian entrepreneur, for its offer to purchase 100% of the outstanding shares of Independent Nickel, described in its press release dated August 19, 2008 and contained in the formal offer and takeover bid circular filed on SEDAR ( A complete copy of the letter is set out below.

“Mr. Kalt cogently and eloquently expressed his views in support of the Offer by Victory Nickel and we are in total agreement with his analysis” said Victory Nickel’s Vice-Chairman and CEO Rene Galipeau. “it is reassuring to have Independent Nickel shareholders publicly supporting our efforts and we thank Mr. Kalt for coming forward. Although not in writing, Victory Nickel has also received indications of support from other shareholders. We encourage other shareholders to follow Mr. Kalt’s lead and make their views known to Independent Nickel’s special committee of Directors formed to consider the Offer.”

When asked for permission to print his letter, Mr. Kalt added “Like Independent Nickel, Victory Nickel is an emerging nickel mining leader with both valuable assets and great people. I strongly hold the opinion that Victory’s offer to acquire Independent is a good offer for Independent investors. Moreover, I believe it delivers an opportunity-rich outcome that is capable of large value creation for all stakeholders of the proposed entity.”

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