Victory Nickel Inc.



#1802 Victory Building
80 Richmond Street West
Toronto, Ontario, Canada, M5H 2A4
Tel: 416.363.8527 Fax: 416.626.0890
Web: www.victorynickel.ca


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ExchangeTSX
Exchange SymbolNI




















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Share Capital

Share Structure as of: February 17, 2012
Issued & Outstanding: 395 million
Fully Diluted Shares: 449 million


Investor Relations Contacts

Sean Stokes
VP Corp. Affairs & Corporate Secretary
Victory Nickel Inc.
416.363.8527
admin@victorynickel.ca

Juliet Heading
Senior Account Manager
CHF Investor Relations
416.868.1079 x 239
juliet@chfir.com

Content last updated on 01.06.12



Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources.Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba,and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. Victory Nickel also owns shares in Prophecy Coal Corp. (TSX:PCY) and Wallbridge Mining Company Limited (TSX:WM), the third largest landholder in the Sudbury Basin, which in turn owns a significant percentage of Duluth Metals Limited.


The Victory Nickel Difference


  • One of Canada’s largest undeveloped sulphide nickel inventories - and growing

  • Four projects in Canada’s most mining-friendly jurisdictions

  • Permitted for mine development at Minago

  • Ability to produce the world’s highest grade nickel concentrate at Minago (up to 35% Ni) at Minago

  • Cash flow/financing potential from frac sand production at Minago

  • Equity ownership in Prophecy Coal Corp. (TSX: PCY) and Wallbridge Mining Company (TSX: WM)

  • Focused on building a mid-tier Canadian nickel company

Victory Nickel’s Assets in Manitoba and Quebec include:



  • Minago, Manitoba: Permitted for development, Minago is one of Canada’s largest undeveloped sulphide nickel deposits with M&I total nickel resources of 54.2 million tonnes (11.1 Mt measured, 43.1Mt indicated) grading 0.52% nickel, plus an additional Inferred resource of 14.6 million tonnes grading 0.53% nickel. In additional to a valuable byproduct, frac sand, Minago has excellent access to raod and rail transportation and Canada's lowest cost power.



  • Frac Sand: Adding Value at Minago While nickel gets the most attention at Minago, one of the more unique features of this large and valuable project is not a metal at all but frac sand–a high-value by-product with the potential to generate substantial revenues.


    Frac sand is used in the oil and gas industry to increase flow to the wellhead and demand is increasing. At Minago, 11.2 million tonnes of frac sand is contained in a sandstone layer that overlies the nickel deposit. This layer must be removed as part of pre-stripping the open pit, and has the potential to generate net revenue of ~$70 million per year.



  • Mel, Manitoba: Resource and exploration upside near Thompson, Manitoba. Recent drilling identified the potential to add to the resource at depth in the southern part of the deposit, and the bulk of this large property, potentially an extension of the Thompson Nickel Belt, is yet to be explored.



  • Lac Rocher, Quebec: High-grade near-surface discovery with a 3.2 m massive sulphide intersection returning a weighted average of 10.8% nickel as part of a 61.5 m interval grading 1.69% nickel. Lac Rocher offers near-term production potential at the appropriate metal prices.



  • Lynn Lake, Manitoba: Past producer previously operated by Sherritt, offering 60,000 tonne annual potential concentrate production; optioned to Prophecy Platinum Corp. (TSXV:NKL).


Management Expertise

René R. Galipeau, Vice-Chairman, CEO and Director: Over 35 years international mining experience, including senior positions with Hudson Bay Mining, Breakwater, Lac Minerals and Rio Algom.


Steve Harapiak, President and COO: Engineer with over 30 years mining experience, including Hudson Bay Mining and as CEO of Potash Corporation of Saskatchewan (Crown Corp.).


Alison Sutcliffe, VP Finance and CFO: Significant experience in auditing, accounting, financial analysis and management and public company financial reporting and compliance.


Paul L. Jones, VP Exploration: Over 25 years QP experience, Victory Nickel’s QP.


Sean Stokes, VP Corp. Affairs & Corporate Secretary: 20+ years communications/business development/finance experience, including Tiberon Minerals, Scandinavian Minerals, Liberty Minerals.


David Mchaina, VP of Environment & Sustainable Development: More than 20 years of experience with Boliden, Westmin, Goldcorp.


Board of Directors

Cynthia Thomas, Chair: Over 20 years international mining and project financing, former Director Investment Banking – Mining Group at ScotiaMcLeod.


Ethel Blondin-Andrew: Former federal Minister of State, first Native woman elected to Canada’s House of Commons; over 17 years of federal political experience.


W. Warren Holmes: 38 years with Noranda and Falconbridge; former SVP, Falconbridge Canadian Mining Operations; Executive Vice-Chairman of Hudbay Minerals Inc.


Roland Horst: 35 years of mining industry experience as a chief executive officer, investment banker, corporate banker and geologist; former CEO of Royal Nickel and International Nickel Ventures; current CEO of Orvana Minerals.


Howard Stockford: Over 40 years experience with Falconbridge, Aur Resources. Serves on the board of Agnico Eagle; past President of CIM.