Victory Nickel Announces Results of Annual and Special Meeting

TORONTO, ONTARIO -- (Marketwired) -- 06/28/13 -- Victory Nickel Inc. ("Victory Nickel" or the "Company") (TSX: NI) today announced the results of its annual and special meeting of shareholders ("AGM") held on June 27, 2013.

All of the nominee directors listed in Victory Nickel's management information circular dated May 22, 2013 (the "Circular") were elected as directors. The results of the shares voted in respect of the election of each director were as follows:

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Name of Nominee               Votes For            Votes Withheld
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Michael Anderson       107,175,035      98.77%   1,335,107       1.23%
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Rene Galipeau          105,135,780      96.89%   3,374,362       3.11%
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Roland Horst           107,182,785      98.78%   1,327,357       1.22%
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Peter R. Jones         106,638,630      98.28%   1,871,512       1.72%
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Howard Stockford       107,100,630      98.70%   1,409,512       1.30%
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Cynthia Thomas         106,785,030      98.41%   1,725,112       1.59%
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Shareholders of the Company also confirmed, ratified and approved an advance notice by-law (the "By-law") that was approved for adoption by the board of directors on May 27, 2013 (see news release dated May 28, 2013). The By-law requires advance notice to the Company in circumstances where nominations of persons for election as a director of the Company are made by shareholders other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Ontario) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act. For further information on the By-law, please refer to the Circular which is available under the Company's profile on SEDAR (www.sedar.com).

At the AGM, shareholders also voted in favour of:

--  Re-appointing BDO Canada LLP, Chartered Accountants, Licensed Public
    Accountants, as the auditor of the Corporation and authorizing the
    directors to fix the auditor's remuneration;
--  Authorizing the board of directors to set the number of directors from
    time-to-time within the minimum and maximum number of directors set
    forth in the articles of the Corporation, in accordance with Section
    125(3) of the Business Corporations Act (Ontario), provided that the
    total number of directors so set may not exceed one-third of the number
    of directors elected at the previous annual meeting of shareholders;
--  Approving all unallocated options, rights and other entitlements under
    the Company's stock option plan; and,
--  Approving all unallocated rights and other entitlements under the
    Corporation's share incentive plan.

An archived recording of the AGM proceedings can be accessed on the Company's website at www.victorynickel.ca, or at http://www.gowebcasting.com/4420.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 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 (under option to Prophecy Platinum) in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel is establishing a presence in the frac sand market prior to commencing frac sand production and sales from Minago.

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

Forward-Looking Information: This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, the Company's development plans and objectives (including for the Minago, Mel, lac Rocher and Lynn Lake properties) and estimates and/or assumptions in respect of production, revenue, sales, cash flow, costs, economic return, and net present value (including for the Minago, Mel, Lac Rocher and Lynn Lake properties)) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the possibility that actual circumstances will differ from estimates and assumptions; changes in equity markets; the inability of the Company to generate cash flow in the future; the inability of the Company to meet its development plans and objectives; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 28, 2013 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions (including that all of the Rights will be exercised under the Offering) inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Contacts:

Victory Nickel Inc.

Rene Galipeau or Sean Stokes

416.363.8527

416.626.0890 (FAX)
admin@victorynickel.ca


CHF Investor Relations

Juliet Heading

416.868.1079 ext. 239

416.868.6198 (FAX)
juliet@chfir.com