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First Nickel Inc.

Publié le 30 juin 2008

Announcement Re Premiere Ridge

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=======================================================================
Re:   News Releases - Monday, June 30, 2008
      First Nickel Announcement Re Premiere Ridge
=======================================================================

News Release No. 2008-12
View News Release in PDF Format
Toronto, Ontario -- June 30, 2008 --First Nickel Inc. ("First Nickel"
or the "Company") (TSX: FNI) today announced that First Nickel and
Xstrata Nickel have agreed to further extend the Bowell Project Option
Agreement (Premiere Ridge), for such period as may be necessary for
completion of project milestones.   Such project milestones will be
negotiated between the parties and the right to exercise the option
contingent on satisfaction of the project milestones.  Such extension
is to be no later than April 1, 2009 or as agreed by the parties.

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 PLEASE CONTACT:

First Nickel Inc.
William Anderson
President & CEO
(416) 362-7050
(416) 362-9050 (FAX)
Email: wanderson@firstnickel.com

or

Forbes West
Investor Relations Advisor

(416) 203-2200 or 1-888-655-5532

Email: forbes@sherbournegroup.ca

=======================================================================
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
Message sent on Mon Jun 30, 2008 at 10:33:28 AM Pacific Time
=======================================================================
.

First Nickel Inc.

EN DÉVELOPPEMENT
CODE : FNI.TO
ISIN : CA33582W1068
Suivi et investissement
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First Nickel est une société d’exploration minière de nickel basée au Canada.

First Nickel est en développement de projets de nickel, d'argent, de cobalt, de cuivre, d'or, de palladium et de platine au Canada, et détient divers projets d'exploration au Canada.

Ses principaux projets en développement sont LOCKERBY MINE et PREMIERE RIDGE au Canada et ses principaux projets en exploration sont RAGLAN HILLS, LANDORE/ WEST GRAHAM, MORGAN-LUMSDEN, BELMONT PROJECT, WEST GRAHAM, FOY MOUTH, KAMISKOTIA et DUNDONALD au Canada.

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