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First Nickel Market Update Announcement
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News Release No. 2008-06
Toronto, Ontario - April 30, 2008 - First Nickel Inc. ("First Nickel"
or the "Company") (TSX: "FNI") today announced that production in the
first quarter of 2008 was the second highest in the Company's history.
During the first quarter approximately 930,000 lbs of payable nickel
and 610,000 lbs of payable copper were produced from our Lockerby
Operation.
President and CEO William Anderson states: "We are pleased production
is back on track and we look forward to continued improvement through
2008."
First Nickel will be releasing full first quarter operational and
financial information the week of May the 12th.
First Nickel is a Canadian mining and exploration Company. Its current
activities are primarily focused on the Sudbury Basin in northern
Ontario, the location of the company's producing property (the Lockerby
Mine) and four of its exploration properties. First Nickel also has
two exploration properties in the Timmins region of northern Ontario.
First Nickel's shares are traded on the TSX under the symbol FNI.
This news release contains forward-looking statements, which are
subject to certain risks, uncertainties and assumptions, including the
cash flows, metal prices, decrease costs, increase output, expected
production, and expected exploration expenditures. A number of factors
could cause actual results to differ materially from the results
discussed in such statements, and there is no assurance that actual
results will be consistent with them. Such factors include fluctuating
metal prices, 2008 production forecast, lower unit costs and other
factors described in the Company's most recent Annual Information Form
under the heading "Risk Factors" which has been filed electronically by
means of the System for Electronic Document Analysis and Retrieval
("SEDAR") located at www.sedar.com. Such forward-looking statements
are made as at the date of this news release, and the company assumes
no obligation to update or revise them, either publicly or otherwise,
to reflect new events, information or circumstances, except as may be
required under applicable securities law.
For further information contact:
William Anderson, President & CEO
First Nickel Inc.
Telephone: (416) 362-7050
Fax: (416) 362-9050
Email:
Or
Forbes West, Investor Relations Advisor
416-203-2200 / 1-888-655-5532 /
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Copyright (c) 2008 FIRST NICKEL INC. (FNI) All rights reserved. For
more information visit our website at http://www.firstnickel.com/ or
send mailto:info@firstnickel.com
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