TORONTO, Sept. 1 /CNW/ - Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) today
announces that on Friday August 27, 2010, Western Utah Copper Company
("WUCC") filed an action in bankruptcy court in Utah, U.S., against
Nevada Star Resource Corp and Pure Nickel. This action is essentially
identical to an amendment to WUCC's counterclaims that WUCC previously
proposed to make to the existing counterclaims that it previously filed
in response to our June 2009 action. In the past we have commented in
our annual and quarterly statements, specifically our Management
Discussion and Analysis, that we believe WUCC's existing counterclaims
in that action are without merit. We continue to believe the
counterclaims and the August 27 action are without merit. We do not
anticipate the need to make provision for this matter.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection
of mineral exploration projects in North America.
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization and
resources, exploration results, and expectations, plans, and objectives
of Pure Nickel are forward-looking statements that involve various
risks. The following are important factors that could cause Pure
Nickel's actual results to differ materially from those expressed or
implied by such forward looking statements: changes in the world wide
price of mineral commodities, general market conditions, risks inherent
in mineral exploration, risks associated with development, construction
and mining operations, the uncertainty of future exploration activities
and cash flows, and the uncertainty of access to additional capital.
There can be no assurance that forward-looking statements will prove to
be accurate as actual results and future events may differ materially
from those anticipated in such statements. Pure Nickel undertakes no
obligation to update such forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on such forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or
accuracy of this release.