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Last updated on April 16, 2014 at 13:39 EDT

Royal Nickel Signs Electricity Supply Installation Agreement with Hydro-Québec

September 26, 2013

TORONTO, Sept. 26, 2013 /CNW/ – Royal Nickel Corporation (TSX: RNX)
(“RNC”) is pleased to announce it has entered into an agreement with
Hydro-Québec for the construction of a high voltage power transmission
line to connect RNC’s planned Dumont Nickel project to Hydro-Québec’s
existing electricity distribution network. The connection of the Dumont
site to the existing network will require the installation of
approximately 10 km of 120 kV power lines. The agreement covers the
completion of necessary studies and construction of the required
transmission system, subject to standard terms and conditions.

“It is a critical step to have this agreement in place with Hydro-Québec
to ensure power will be available in a timely manner as we move forward
towards the development of the Dumont project. RNC remains focused on
two main objectives: 1) pursuing partnership/financing options that
will minimize shareholder dilution and 2) securing the main permit for
the Dumont project. With respect to partnership and financing
activities, discussions are ongoing and we continue to focus on putting
together a package that will allow us to advance to the construction
stage as soon as practicable once we receive the environmental
authorization permit for the project, expected by the middle of next
year,” said Tyler Mitchelson, President and CEO of RNC.

About Royal Nickel Corporation

Royal Nickel Corporation is a mineral resource company focused primarily
on the exploration, evaluation, development and acquisition of base
metal and platinum group metal properties. RNC’s principal asset is the
Dumont Nickel Project strategically located in the established Abitibi
mining camp, in the municipalities of Launay and Trécesson, 25
kilometres northwest of Amos, Quebec. RNC has a strong management team
and Board with over 100 years of mining experience in the nickel
business at Inco and Falconbridge. RNC’s common shares trade on the TSX
under the symbol RNX.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains “forward-looking information” including
without limitation statements relating to obtaining financing for
Dumont, engaging a project partner, completion of permitting, advancing
Dumont into construction and other targeted milestones.

Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. There are no assurances that Dumont will be
placed into production. Factors that could affect the outcome include,
among others: the actual results of development activities; project
delays; inability to raise the funds necessary to achieve the
milestones or complete development; general business, economic,
competitive, political and social uncertainties; future prices of
metals; availability of alternative nickel sources or substitutes;
actual nickel recovery; conclusions of economic evaluations; changes in
project parameters as plans continue to be refined; accidents, labour
disputes and other risks of the mining industry; political instability,
terrorism, insurrection or war; delays in obtaining governmental
approvals, necessary permitting or in the completion of development or
construction activities. For a more detailed discussion of such risks
and other factors that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements,
refer to RNC’s filings with Canadian securities regulators available on
SEDAR at www.sedar.com.

Although RNC has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are
made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.

SOURCE Royal Nickel Corporation


Source: PR Newswire