Fletcher Nickel adds Second Drill at Texmont Mine

24.01.08

Toronto, Canada, January 24th, 2008 – Fletcher Nickel Inc. (TSX: FL) has now started a second diamond drill at its exploration program at the Texmont Nickel Mine south of Timmins.  As described in the prospectus for the company’s IPO completed November 29th, 2007, re-drilling of the mine’s historical reserves commenced on August 15th although no core samples were submitted for analysis until after completion of the IPO.  Recently, the 1.3 kilometer-long IP anomaly striking north of the mine’s historic reserves has received initial drilling.  Based on the visually-observed results of that drilling, the company engaged another contractor to provide a second drill rig to the site, which commenced drilling last week.  Core sample analysis results are expected to be received on a regular basis, commencing shortly.  The contents of this news release have been reviewed and approved by the company’s Exploration Manager David Bielhartz, P.Geo, who is a Qualified Person.  Readers are also referred to the disclosures made in the company’s prospectus, filed on SEDAR.

For Further Information:

Bruce Hodgman
Communications Director
Direct: (905) 582-9744
Telephone: (416) 642-3575
Facsimile (416) 363-7875
info@fletchernickel.com