On Wednesday June 3, 2009, 8:49 am EDT

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TORONTO, ONTARIO--(MARKET WIRE)--Jun 3, 2009 -- Victory Nickel Inc. (the "Company") (Toronto:NI.TO - News) (www.victorynickel.ca) today announced the signing of a letter of intent (LOI) with Manchetau Construction of Waswanipi, Quebec, for the construction of an all-weather road that will provide year-round access to Victory Nickel's Lac Rocher sulphide nickel project in northern Quebec.

"Victory Nickel is continuing to advance Lac Rocher to ensure the project will be ready to move forward quickly when metal prices increase," said President and COO Steve Harapiak. "In addition, this road will extend our exploration season, allowing us to evaluate identified exploration targets in a more cost-effective manner at the appropriate time."

Manchetau Construction is a general contractor consisting of a group of Cree Partners from the Waswanipi Cree First Nation, the focus of which is to build long-term relationships in order to bring economic benefits to the region. The majority of the operators on the road construction project will be Eeyou (Cree) from Waswanipi or First Nations.

Annual and Special Meeting

Please join us at our Annual and Special Meeting of Shareholders, to be held on June 3, 2009 at 4:00 pm, Toronto time. The meeting will be held at the Toronto Board of Trade, 1 First Canadian Place, Toronto, Ont. The Annual and Special Meeting will also be webcast at http://events.onlinebroadcasting.com... or www.victorynickel.ca.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base. Victory Nickel also owns approximately 9% of Wallbridge Mining Company Limited (Toronto:WM.TO - News) the third largest landholder in the Sudbury Basin.

For further information, please visit the Company's website at www.victorynickel.ca. Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Victory Nickel" in the subject line.