First Nickel Reports 4 Year Contract Ratified with Mine Mill 598/CAW

TORONTO, ONTARIO--(Marketwired - July 10, 2013) - First Nickel Inc. ("First Nickel", "FNI" or the "Company") (TSX:FNI)

FNI is pleased to report that a new four year collective agreement has been ratified by the membership of the Mine Mill Local 598/CAW that covers the production and maintenance personnel at the Lockerby Mine.

Mr. Mark Isto, Vice President - Operations of FNI, said "Ratifying this four year agreement with the CAW is an important milestone for the Lockerby mine. The operation faces considerable economic pressures from low nickel prices and we feel the agreement strikes a balance between the needs of both parties."

Forward-Looking Statements

This news release contains forward-looking statements, which are subject to certain risks, uncertainties and assumptions, including the cash flows, metal prices, decrease costs, increase output, expected production, and expected exploration expenditures. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such factors include fluctuating metal prices, lower unit costs and other factors described in the Company's most recent Annual Information Form under the heading "Risk Factors" which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com. Such forward-looking statements are made as at the date of this news release, and the company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.