Victory Nickel Extends Offer to Acquire Common Shares of Independent Nickel

Victory Nickel Extends Offer to Acquire Common Shares of Independent Nickel

Victory Nickel Inc. announced that it has extended its offer to acquire all of the outstanding common shares of Independent Nickel Corp. on the basis of 1.1 of a Victory Nickel share for each Independent common share, pursuant to its offer to purchase and takeover bid circular dated August 19, 2008, as amended by its notice of variation and extension dated September 2, 2008, to 6:00 p.m. (Toronto time) on October 6, 2008, to allow any Independent shareholders who have not yet tendered their Independent Shares sufficient time to do so. To date, an aggregate of 43,092,942 Independent Shares, representing approximately 71.09% of the issued and outstanding Independent Shares (58.29% on a fully diluted basis) have been tendered to the Offer. A Notice of Extension relating to the extension of the Offer has been filed on SEDAR and will be mailed to Independent shareholders in the coming days.

Victory Nickel Inc. is a Canadian company with three sulphide nickel deposits containing significant 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago and Mel in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base.
Website: www.victorynickel.ca.

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