HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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TORONTO, ONTARIO--(Marketwire - March 26, 2009) - Victory Nickel Inc. ("Victory Nickel" or the "Company")(TSX:NI)(www.victorynickel.ca) announced today that Richard Murphy has resigned from the Board of Directors. Mr. Murphy joined the Board of Directors in October, 2008 pursuant to the Support Agreement entered into by Victory Nickel and Independent Nickel Corp. ("Independent") in conjunction with Victory Nickel's offer to purchase all of the outstanding shares of Independent. Mr. Murphy was formerly Chief Executive Officer of Independent.

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