Pure Nickel Announces Granting of Stock Options

Toronto, Ontario--(Newsfile Corp. - October 23, 2014) - Pure Nickel Inc. (TSXV: NIC) ("the Company") announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,705,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.05 per share, for a term of three years and are subject to the terms and conditions of the Company's Stock Option Plan. Of these options, 1,255,000 vest immediately while the remaining vest equally on the first and second anniversary dates.

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in North America. In 2014 the Company completed a 1,700 metre drill program on its Salt Chuck Property, received a favourable nickel deportment study for the Eureka Zone occurrence on its MAN Alaska Property and continues to actively pursue other non-nickel properties in North America and overseas.

Forward Looking Statements

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Pure Nickel are forward-looking statements that involve various risks. The following are important factors that could cause Pure Nickel's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Pure Nickel undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.