Acquisition of Securities of Victory Nickel Inc. and Filing of Early Warning Report

LONDON, UNITED KINGDOM--(Marketwired - Aug 2, 2013) - A & M International Ltd., Wellington Building, 28-32 Wellington Rd., St John's Wood, London, NW8 9SP England ("A & M"),, announces that it acquired beneficial ownership of 11,044,625 units of securities (each, a "Unit") of Victory Nickel Inc. ("Victory Nickel") pursuant to Victory Nickel's previously announced Rights Offering (the "Rights Offering"). Each Unit consists of one common share (each, a "Common Share") and one Common Share purchase warrant of Victory Nickel (each, a "Warrant"). A & M believes that this shareholding, together with its previous shareholding in Victory Nickel of 44,178,500 Common Shares, represents approximately 9.98% of the total issued and outstanding Common Shares based on an aggregate of 553,474,860 Common Shares issued and outstanding as of the date hereof as disclosed by Victory Nickel. The Units were acquired by A & M for CAD$0.024 per Unit. The aggregate consideration paid by A & M to Victory Nickel for all 11,044,625 Units it acquired pursuant to the Rights Offering was CAD$265,071.

Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of CAD$0.035 per Common Share during the 12 month period beginning at 9:00 a.m. on July 31, 2014 and ending at 4:00 p.m. on July 31, 2015. In the event that the 11,044,625 Warrants held by A & M are exercised in their entirety on the terms thereof, this exercise would result in A & M holding approximately 11.74% of the issued and outstanding Common Shares of Victory Nickel (without taking into account any possible exercise of any other warrants or other securities convertible into Common Shares which may have been issued by Victory Nickel to third parties).

A & M has acquired the Units, including the Common Shares, for investment purposes. A & M's interest in Victory Nickel may be increased or decreased in the future in light of investment criteria, market conditions and other factors in accordance with the provisions of applicable securities legislation.

A & M has filed an Early Warning Report with the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec Securities Commissions in respect of the acquisition of the right to securities. Copies of the report filed by A & M under applicable securities legislation may be obtained from SEDAR (www.sedar.com) or by contacting the below noted representative.

A & M International Ltd.

A & M International Ltd, London, UK, is a part of the AMIDT Group of Dubai, UAE. A & M International Ltd is also the Marketing Division of AMIDT Group. London is a strategic location for metal trading because of London Metal Exchange (LME). This facilitates hedging operations of our Group. AMIDT is an acronym for Alloy Metal International Distribution Technology Group. Amidt Group is focused on the physical production, engineering and trading of ferrous, non-ferrous metals, minerals, chemicals, alloys and scraps. Subsequently, the group expanded its portfolio to include consultancy services and the manufacture of Zinc, Copper and Lead products . Through sustained growth over the past years the Amidt Group has grown to become a multi-national firm, boasting a range of clients from Europe, Middle East, Africa, Russia and Asia.

A & M International Ltd has extensive trading connections with producers in UAE/Turkey/Muscat/Qatar/India/Kazakhastan/Malaysia from whom Zinc Ingots/Lead Ingots/Copper Cathodes/Tin Ingots, etc. are purchased. A & M International Limited has highly experienced traders for Base Metals; Minor Metals; Non-Ferrous Scraps; etc. who have been involved with metal trading for around twenty years and between them have a combined experience of over one hundred years.

A & M has recently become a key investor and partner in Victory Nickel Inc., Canada.