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Sudbury Platinum Corporation to Acquire 100% of Aer-Kidd Project

August 11, 2014

TORONTO, Aug. 11, 2014 /CNW/ – Royal Nickel Corporation (“RNC”) (TSX:
RNX) is pleased to announce that Sudbury Platinum Corporation (“SPC”),
a private company in which RNC has an interest, plans to exercise its
Right of First Refusal to purchase CaNickel Mining Company Limited’s
(“CaNickel”) 100% interest in the Aer-Kidd Project in Sudbury Ontario
for a cash payment of $1,250,000. By doing so, the Option and Joint
Venture Agreement currently in place between SPC and CaNickel dated
October 1, 2012 will be terminated.

“I am very excited that SPC has decided to purchase CaNickel’s 100%
interest in the Aer-Kidd Project after identifying some very compelling
exploration targets. The acquisition will, when executed, simplify the
ownership structure from the current Option and JV arrangement and
simplify plans to advance the project. RNC continues to be enthusiastic
about Aer-Kidd’s untested potential given its location on the
Worthington offset dyke between known high grade Ni-Cu-PGE resources at
the Totten mine (Vale) and the Victoria project (KGHM),” said Mark
Selby, President and CEO of Royal Nickel Corporation. “The exploration
activities at Aer-Kidd are being led by Scott McLean and the highly
skilled and experienced SPC management team, who has a track record of
consistent exploration success in the Sudbury Basin such as discovering
Glencore’s Nickel Rim South mine.”

SPC and Transition Metals Corp. (Transition) also announced that SPC has
closed a non-brokered private placement for gross proceeds of
$637,500. SPC issued 1,720,000 units and 830,000 flow through shares
each at a price of $0.25. Each unit consisted of one common share and
one common share purchase warrant entitling the holder to purchase an
additional common share in SPC at $0.45 for a period of eighteen
months. Transition Metals Corp. currently owns 57% of SPC and RNC owns
approximately 23% of SPC.

Aer-Kidd Project

Aer-Kidd is a 280 hectare property covering approximately 1.4 kilometres
of the Worthington Offset (Worthington offset) Dyke located near
Worthington, Ontario in the Sudbury Basin area. Past production on the
Aer-Kidd property has come from numerous shallow underground and
surface workings (Howland Pit, Rosen and Robinson Deposits).

The Aer-Kidd property is located centrally between two significant known
resources also on the Worthington offset, Vale’s Totten mine (10.1
million tonnes grading 1.5% Ni, 1.97% Cu, 4.8g/t PGM)(1) and KGHM’s Victoria project (14.5 million tonnes grading 2.5% Ni, 2.5%
Cu, 7.6 g/t PGM)(2).

The disclosure of the technical information contained in this news
release has been approved by Alger St-Jean, P. Geo., Vice President
Exploration of RNC, and a Qualified Person under NI 43-101.

About Sudbury Platinum Corporation

SPC is a Canadian private corporation focused on exploring for nickel,
copper and platinum group metals in the Sudbury Area. SPC is evaluating
the Aer-Kidd Property, an advanced exploration property located on the
prospective Worthington Offset dyke in the heart of the Sudbury mining
camp. It also holds a 100% interest in the Owen Nickel Property.
Additional information regarding the company and its projects can be
found at www.sudburyplatinumcorp.com.

About Royal Nickel Corporation

Royal Nickel Corporation is a mineral resource company focused primarily
on the acquisition, exploration, evaluation and development 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 also owns interests in two
advanced stage nickel exploration properties: the Aer-Kidd project near
Sudbury, Ontario and the West Raglan project in northern 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 and warrants trade on the TSX under the symbols RNX and
RNX.WT.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains “forward-looking information” including
without limitation statements relating to the upside and potential of
the Aer-Kidd property.

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. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling at Aer-Kidd; inability on the part of SPC to raise
the money necessary to incur the expenditures required to earn an
interest in the Aer-Kidd property; environmental liabilities (known and
unknown); general business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the mining
industry; political instability, terrorism, insurrection or war; or
delays in obtaining governmental approvals. 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.

Information Concerning Aer Kidd and Neighbouring Properties:

Information concerning Aer-Kidd and neighbouring properties in this news
release is taken from sources, some of which are historical, that RNC
believes to be reliable, but RNC has not verified the information and
does not assume responsibility for such third party information.

___________________________

(1) Resource reported by Inco Limited in news release dated January 18,
2001

(2) Resource reported by KGHM in news release dated January 16, 2012




SOURCE Royal Nickel Corporation


Source: PR Newswire



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