TORONTO, ONTARIO--(Marketwire - Feb. 5, 2010) - Victory Nickel Inc. (the "Company") (TSX:NI)(www.victorynickel.ca) today announced it has begun the 2010 work program on its 100% owned Minago Nickel Project located in the Thompson Nickel Belt, 225 kilometres south of Thompson, Manitoba. Diamond drilling equipment has been mobilised, and this phase of the work program will comprise a minimum 7,500 metres of drilling in the current pit shell and in the North Limb.

The winter drilling program has the following objectives:

-  To upgrade inferred resources within the current pit limits to the
   indicated or measured categories so that it can be incorporated into the
   Minago economic evaluation.
-  To attempt to incorporate areas at the top of the deposit near the
   sandstone contact that were excluded by Wardrop, a Tetra Tech Company,
   from the resource and reserve estimates due to a perceived lack of drill
   coverage.
-  To obtain additional geological information to improve the predictability
   of the geological model.
-  To further evaluate the potential of the North Limb mineralisation and
   potentially produce an Exploration Target Mineralization Inventory
   ("ETMI") estimating the potential tonnage and grade of North Limb
   mineralization.