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Press release from GlobeNewswire (a Nasdaq OMX company)

Pure Nickel Announces Election of Directors and Stock Option Grants

Tuesday, April 23, 2013

Pure Nickel Announces Election of Directors and Stock Option Grants

13:46 EDT Tuesday, April 23, 2013

TORONTO, April 23, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) today announced that at its annual general meeting of shareholders, held in Toronto earlier today, each of the director nominees listed in its management information circular dated March 12, 2013 were elected as directors of Pure Nickel. Directors have been elected to serve until the close of the next annual general meeting of shareholders. The detailed results of the vote for the election of directors of Pure Nickel is set out below.

Each of the following six director nominees proposed by management was elected as a director of Pure Nickel.

Nominee Votes for * % votes for Votes withheld % votes withheld
Harry Blum 17,558,681 82.51% 3,723,015 17.49%
Thomas Kofman 17,537,881 82.41% 3,743,815 17.59%
David McPherson 17,264,581 81.12% 4,017,115 18.88%
R. David Russell 17,551,681 82.47% 3,730,015 17.53%
Constantine Salamis 17,552,681 82.48% 3,729,015 17.52%
W.S. (Steve) Vaughan 17,558,681 82.51% 3,723,015 17.49%

*As a vote for each motion was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.

At a board meeting following the annual general meeting the Board of Directors granted an aggregate of 1,655,000 stock options to certain management, directors and employees. The options have an exercise price of $0.035, a term of three years and are subject to the terms and conditions of the Company's Stock Option Plan. Of these options, 1,180,000 vest immediately and the remaining vest equally on the first and second anniversary date.

About Pure Nickel Inc.

Pure Nickel is a TSX listed mineral exploration company in the business of acquiring, exploring and developing mineral properties in Canada and the United States, primarily those containing nickel, platinum group elements (PGEs), copper, gold, silver and associated base and precious metals. Our intention is to explore undeveloped properties with the expectation of developing them to a level where an ore body is indicated or likely. The Company is currently active on its two Alaskan properties, MAN and Salt Chuck.

CONTACT: CHF Investor Relations
Cathy Hume
T. (416) 868-1079 x 231
The Howard Group Investor Relations
Jeff Walker
T. (888) 221-0915
Pure Nickel Inc.
David McPherson
T. (416) 644-0066

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