West Graham/First Nickel Option - nickel

SUDBURY - ONTARIO

The West Graham property consists of one patented lot owned outright by Landore Resources Inc. of 130 hectares, located in Northern Ontario, 17 kilometres from Sudbury on the southern rim of the Sudbury Intrusive Complex and contains the historic “Conwest deposit”.

The Conwest Deposit was estimated in the 1960’s to have mineral inventory of 4.3 million tons grading 0.53 per cent. nickel and 0.33 per cent. copper. This historic resource predates the implementation of NI43-101 standards and guidelines and should be considered non-compliant. At depth the Conwest Deposit is interpreted to be contiguous with the Lockerby East Zone.

First Nickel Inc. entered into an option agreement in November 2005 with Landore Resources Canada Inc. to acquire a 70 per cent. interest in the West Graham property which is strategically located immediately to the south of the East Zone of First Nickel’s Lockerby Mine. The agreement provides for First Nickel to make cash payments to Landore of C$150,000 and carry out exploration and development expenditures of C$6 million over a four-year period.

West Graham – Drilling 2007-8

First Nickel Inc. reported in March 2008 the results of 22 diamond drill holes representing 5,469 metres of diamond drilling on the West Graham Property during the 2007 exploration programme and the first two holes of the 2008 exploration programme.

Results to date have met expectations based on the previous exploration programmes completed by First Nickel. Highlights of the drill programme include FN12045 with 0.59 per cent. Ni and 0.44 per cent. Cu over 70.20 metres, including 1.14 per cent. Ni and 0.60 per cent. Cu over 10.50 metres; and FN12050 with 55 per cent. NI and 0.43 per cent. Cu over 86.70 metres, including 1.15 per cent. Ni and 0.71 per cent. Cu over 12.70 metres.

The current drill programme has been designed to provide the drill density required to complete an NI43-101 compliant Resource Estimate on the Conwest Deposit (which forms part of the West Graham Property). The drill programme has since been expanded to a total of 10,000 metres based on the results to date and is scheduled for completion in June 2008. The new NI43-10 Resource Estimate will be completed after all analytical results have been received and modelled from the 2007-2008 drill programme.

Full details of the drill results are set out on the Company’s website www.landore.com

Related Press Releases:

For further information and drilling results please consult the following press releases:

25-03-2008 - West Graham Drilling Update
03-04-2007 - West Graham Drilling Report
07-03-2006 - West Graham