Pure Nickel Update on Annual Meeting of Shareholders

Toronto, January 7, 2019 - Pure Nickel Inc. (TSXV: NIC) (the "Company") announces it has removed the order of business related to the proposed sale of its royalty interest in the Milford copper project from the Annual General and Special Meeting of the Shareholders scheduled for January 11, 2019 at 10:00 am ET. As previously announced in the Company's press release dated December 17, 2018, the meeting was postponed to provide shareholders with additional information regarding the royalty sale. Given time limitations and the Company's desire to complete its Annual General Meeting requirements within the regulatory time frame, it has removed the royalty sale from the matters to be acted upon.

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of gold, nickel, copper and platinum group element exploration projects in North America.

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.

For further information:
Pure Nickel Inc.
David McPherson
T. (416) 644-0066
info@purenickel.com
www.purenickel.com