International Nickel Ventures (INV-T):

Nickel prices remain elevated and appear to be in a long term bull market due to an increase in demand from Asia. Investors in a potential nickel mine coming on stream in the next few years will be rewarded from the continued high commodity prices.

International Nickel Ventures has just released an update on the potential resource in their Brazilian property. The Santa Fe and Iproa nickel deposits which are located in Goias state of Brazil. The property is being developed as a joint venture with Teck Cominco (TCK.B-T) 25% and International Nickel 75%.

The data from the completed 55,000 meter 4100 hole drill program shows an inferred resource of 109 million tonnes grading 1.11% nickel. This is an increase of approximately 20% from previous results due in large part to the inclusion of peripheral areas not previously explored.

International Nickel is well funded with $17.5 million in cash available to meet future obligations this equates to approximately 50 cents per share in cash. The expertise available from the joint venture partner Teck Cominco adds to the potential for success in the development of this property.

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