Minago Drilling Returns Exceptional Intersections 

TORONTO, ON - Victory Nickel Inc. reported positive results from six more drill holes on its 100%-owned Minago sulphide nickel deposit in Manitoba's Thompson Nickel Belt. The results of the 2010 winter program continue to demonstrate the presence of additional nickel mineralization in parts of the deposit that to date have been under-drilled.

These new intercepts are significant because mineralization that was previously considered waste in the Minago Definitive Feasibility Study (DFS) can now be included to enhance project economics. Further intervals of significant nickel grade may increase the overall grade of the deposit. "The results provide continuing confirmation of the widespread nature of nickel mineralization at Minago as well as the presence of significant domains of strong nickel grade within the deposit," said Paul Jones, Vice-President, Exploration. "These very wide intersections confirm the extraordinary nickel endowment at Minago - one of Canada's largest undeveloped sulphide nickel resources." The company's address is 80 Richmond Street West, Suite 1802, Toronto , ON M5H 2A4.