International Nickel Ventures Corporation ("INV") is a Canadian mineral resource company focused on the acquisition, exploration and development of base and precious metal projects, with projects located in Brazil, Namibia and Ontario. INV's primary asset is its option to acquire an initial 50% interest in two high-potential copper-gold-silver projects located in Brazil and Namibia from Teck Resources Limited ("Teck"). The Rio Novo property hosts significant iron oxide-copper-gold ("IOCG") mineralization and is located in Carajás, Brazil, one of the most prolific mining districts in the world. At the Kaoko property in Namibia, previous work by Teck intersected considerable widths of typical African Copper Belt style mineralization indicating that the property has exceptional potential for the discovery of a new copper belt.

The 11 exploration licence, ~9,000 km2, Kaoko property is located in the Kaokoland region of northwestern Namibia. Previous work by Teck has identified numerous copper prospects, confirmed by drilling which intersected copper sulphide and oxide zones, hosted by the Damara Group, a geological environment characteristic of and considered analogous to the African Copperbelt deposits in Zambia and the Democratic Republic of the Congo. For example, at Okohongo, Teck intersected 1.9% copper and 27.9 g/t silver over 26.2 metres, and at the Epunguwe prospect drilling intersected 26.0 m grading 1.5% copper and 12.1 g/t silver. The majority of the prospects have had very limited drilling and remain open.

The African Copperbelt is one of the greatest sediment-hosted stratiform copper-cobalt provinces in the world, totalling ~140 million tonnes of copper and 6 million tonnes of cobalt and including a number of world-class deposits that contain greater than 10 million tonnes of copper. The Kaoko property covers an area as large as the entire Zambian Copperbelt. With the multitude of targets and mineralized environments present, the potential to make a discovery of a world-class, low cost, open pit copper deposit is high. INV will design and implement a comprehensive exploration program that will range from establishing new grassroots targets to further define mineralization discovered by Teck.

The four claim, ~29,000 hectare, Rio Novo property is strategically located within the Carajás district of Brazil, one of the world's most prolific mining camps. Previous work by Teck identified numerous zones of hydrothermal alteration and brecciation and a number of surface and drill intersected copper sulphide zones characteristic of IOCG deposits, including 55 m grading 1.3% copper and 183 m grading 0.55% copper. The majority of these prospects have had very limited drilling and remain open. A copper-gold rich gossan associated with a large soil geochemical anomaly and intense hydrothermal alteration was discovered by Teck late in the exploration program and has not been subjected to ground geophysical surveys or diamond drilling. An airborne VTEM survey, flown by Teck subsequent to the drill program, located a number of conductors. Due to the timing of the survey, many of these targets remain untested or only partially tested.

In addition, Teck has identified at least three iron ore targets, including: a) a high grade hematitic iron formation over a strike length of 1,200 m with auger drill intersections of up to 79.2% Fe2O3 over 11 metres; b) a north-south trending >5 km long iron formation from which grab samples returned values up to 97.6% Fe2O3; and c) an iron formation associated with IOCG target RN-7.

Two kilometres east of the property, the Serra Pelada deposit produced over 2 million ounces of gold, platinum and palladium by garimpeiros (artisanal miners). The rock sequence hosting the deposit is interpreted to strike towards the Rio Novo North claim. The VTEM survey has identified two conductive horizons at Rio Novo North with locally coincident gold-platinum-palladium in soil anomalies.

With the multitude of targets and mineralized environments present on a property located within such a prolific camp, the potential to make an economic discovery is high. INV will design and implement a comprehensive, aggressive exploration program that will range from additional drilling to delineate mineralization discovered by Teck, to establishing a pipeline of new targets.

On September 17, 2009 (see press release) INV announced the results of its initial drill program consisting of seven holes totalling 1,114 metres, at the Itaporã gold target, located in Pará State. The drill program was designed to test strong gold in soil geochemical anomalies associated with hydrothermally altered rocks and induced polarization geophysical anomalies. This initial drill program successfully confirmed the presence of hydrothermally altered, gold-bearing rocks. At NS-07 multiple zones of anomalous gold grading up to 3.9 g/t were identified, while at NS-13 14.4 g/t gold was intersected over 0.75 metres, which appears to be directly along strike from Troy Resources' Mamão mine. The next phase of the exploration program at Itaporã will include the compilation and assessment of the exploration data obtained to-date to determine the best course of action to advance the gold discoveries.

INV has the right to earn a 50% interest in the Thorne Lake property (see May 28, 2009 press release) under an option-joint venture agreement with Northern Superior Resources Inc. ("Northern Superior").Northern Superior, who acts as the field operator of the joint venture, had identified several significant gold grain-in-till dispersal trains on the property, which is situated in the Ellard Lake greenstone belt in northwestern Ontario. The property is located 15 km west of the past-producing Sachigo River gold mine which historically produced 52,560 ounces of gold at an average grade of 1.1 ounces of gold per ton (38.8 grams of gold per tonne). Northern Superior conducted an exploration program at the property in the fall of 2008, which included the collection of an overburden sample containing 476 gold grains, 454 of which were pristine, from a 10.6 kg sample, indicating the property has high potential to host gold mineralization.

The gold grain-in-till data derived from the 2009 overburden sampling program clearly defined several new gold exploration targets. The 2009 mapping, prospecting, bedrock grab sampling and channel sampling program outlined a number of shear zones and were confirmed as gold-bearing. Four gold showings were discovered and a number of channel samples returned >1.0 g/t gold, including 43.20 g/t gold over 0.3 m, 7.25 g/t gold over 0.29 m, 1.2 g/t gold over 0.42 m, and 2.98 g/t gold over 0.39 m. Grab samples taken from two hand dug test pits returned 26.4 g/t gold and 14.2 g/t gold.

A first phase drill program (six holes, 1,002 m) was completed to test six targets. The program was successful in testing the targets associated with the four gold showings and two targets associated with combined anomalous gold-in-till and bedrock grab samples. Samples from five of the six holes returned values > 1.0 g/t gold including 2.98 g/t gold over 1.15 m. 1.54 g/t gold over 0.48 m, 3.31 g/t gold over 1.40 m, 1.42 g/t gold over 0.88 m; and 2.26 g/t gold over 0.46 m.

See INV's corporate presentation for further details and graphics for these projects.