Independent Nickel drills 18 metres of 1.5% Ni

2008-04-28 09:29 ET - News Release

Mr. Richard Murphy reports

18 METRES OF 1.5% NICKEL DRILLED ON INDEPENDENT NICKEL CORP.'S LYNN LAKE PROPERTY

Independent Nickel Corp. has discovered a new zone of shallow high-grade nickel mineralization on its property at Lynn Lake.

The discovery, on Independent Nickel's 100-per-cent-owned Lynn Lake nickel property, was made by Western Areas NL (TSX: WSA) close to a property boundary between Independent Nickel's property and Western Areas property. Independent Nickel has notified Western Areas that the drill hole intersections are on Independent Nickel's property. The two companies intend to commission an independent land survey, in order to establish the precise location of the boundary between their respective properties.

The intersections of high-grade nickel on Independent Nickel property, as announced by Western Areas in Stockwatch on April 23, 2008, include the following:

• LL015 intersected 18 metres at 1.5 per cent nickel, 0.7 per cent copper and 0.04 per cent cobalt from 96 metres down interested hole (86 metres vertical depth).
• LL017 drilled from LL015 collar, 20 degrees to the west: intersected 22 metres at`p 0.7 per cent nickel, 0.4 per cent copper and 0.02 per cent cobalt from 67 metres down hole (62 metres vertical depth).
• LL018 drilled below LL015 intersected five metres at 1.1 per cent nickel, 0.6 per cent copper and 0.03 per cent cobalt from 86 metres downhole (82 metres vertical depth).
• Furthermore, Western Areas has now delivered to Independent Nickel Corp. drill results for hole LL016, which can be summarized as follows:
• LL016 intersected 14 metres at`p 1.4 per cent nickel, 0.7 per cent copper and 0.03 per cent cobalt from 72 metres downhole (55 metres vertical depth).

Subsequent to the Western Areas press release issued in Stockwatch on April 23, 2008, Independent Nickel surveyed boreholes LL015 through LL018. As a result of this survey, it was concluded by Independent Nickel that these four holes were drilled from Independent Nickel property and that all reported intersections occur on Independent Nickel property.

Independent Nickel is confident in its conclusions, having previously contracted a land surveyor to re-establish the historic mine survey. According to that survey, the minimum distance between the LL015-LL018 drill collars and the mutual property boundary is approximately 38 metres. Independent Nickel also notes that, while its mining lease boundary has legal precedence, the Western Areas option claim post location coincides very closely with Independent Nickel's survey of the corner location.

"This discovery on Independent Nickel property is a very positive development," stated Independent Nickel president and chief executive officer, Richard Murphy, "Independent Nickel believes that this could be the tip of the iceberg, with respect to identifying a new nickel/copper deposit at Lynn Lake."

"We have always had a very positive working relationship with Western Areas and we expect this to continue."

Independent Nickel has a drill on site, which will be moved to commence work in this discovery area within the week.

We seek Safe Harbor.