Further re : Updated Merger Timetable and European Nickel Consolidation and Placing Timetable

8 June 2010 - Further to the announcement of 2 June 2010, Rusina Mining NL ("Rusina") (AIM: RMLA, ASX: RML) and European Nickel PLC ("European Nickel") (AIM/PLUS: ENK) are pleased to provide an update to the timetable for the proposed merger of the companies by way of a Scheme of Arrangement in Rusina. In addition the timetable for the consolidation of European Nickel\'s ordinary shares and the completion of the second tranche of the placing to raise £6.7 million (US$9.7 million) is also shown below.

The timetable has been extended due to a delay in the approval process relating to the listing of European Nickel on the ASX.  Please note that the following timetable is indicative only and may be subject to change.

+------------------------------+-----------------------+-----------------------+
|  | Merger |Consolidation & Placing|
+------------------------------+-----------------------+-----------------------+
|Second Court Hearing to | 2.15pm (WST) 14 June|  |
|approve the Scheme | 2010| |
+------------------------------+-----------------------+-----------------------+
|Lodge Court Order with ASIC |  15 June 2010|  |
|Scheme becomes binding | | |
|(Effective Date) | | |
+------------------------------+-----------------------+-----------------------+
|Last day for trading in Rusina|  15 June 2010|  |
|Shares on ASX | | |
+------------------------------+-----------------------+-----------------------+
|Suspension of Rusina Shares on| 16 June 2010|  |
|ASX | | |
+------------------------------+-----------------------+-----------------------+
|Suspension of Rusina Shares on| 7.00am (GMT) 16 June|  |
|AIM | 2010| |
+------------------------------+-----------------------+-----------------------+
|Record date for European |  | 5.00pm (London time)|
|Nickel share consolidation | | 18 June 2010|
+------------------------------+-----------------------+-----------------------+
|European Nickel New Shares |  | 8.00am (London time)|
|admitted for trading on AIM | | 21 June 2010|
+------------------------------+-----------------------+-----------------------+
|Second tranche of European |  | 8.00am (London time)|
|Nickel placing completed | | 21 June 2010|
+------------------------------+-----------------------+-----------------------+
|Record Date | 5.00pm (WST)|  |
|Time for determining | 23 June 2010| |
|entitlements to Scheme | | |
|Consideration | | |
+------------------------------+-----------------------+-----------------------+
|Merger Implementation Date | 24 June 2010|  |
|Scheme Consideration issued to| | |
|Scheme Participants | | |
+------------------------------+-----------------------+-----------------------+




+-------------------------------------------------------+--------------------+-+
|Cancellation of Rusina Shares on AIM |8.00am (London time)| |
| |  24 June 2010| |
+-------------------------------------------------------+--------------------+-+
|Dispatch of CDI issue confirmations from Australia | 28 June 2010| |
+-------------------------------------------------------+--------------------+-+
|CDIs commence trading on ASX on normal settlement | 29 June 2010| |
|basis, subject to ASX approval | | |
+-------------------------------------------------------+--------------------+-+
|CREST stock accounts credited with European Nickel New | 29 June 2010| |
|Shares in uncertificated form | | |
+-------------------------------------------------------+--------------------+-+
|Latest date for dispatch of certificated European | 29 June 2010| |
|Nickel New Shares | | |
+-------------------------------------------------------+--------------------+-+
|European Nickel New Shares commence trading on AIM, |8.00am (London time)| |
|subject to AIM approval | 29 June 2010| |
+-------------------------------------------------------+--------------------+-+


For more information, please visit www.enickel.co.uk
or www.rusina.com.au or contact:

European Nickel Rusina Mining

Simon Purkiss or Andrew Lindsay Robert Gregory or Mark Hanlon
European Nickel Rusina Mining
Tel: +44 20 7290 3130 (London) Tel: +61 8 9226 1111 (Perth)

Andrew Chubb or Tarica Mpinga Roland Cornish
Canaccord Genuity Beaumont Cornish
Tel: +44 20 7050 6500 Tel: +44 20 7628 3396

Alex Buck Kevin Skinner
BuckBias Field Public Relations
Tel: +44 7932 740 452 Tel: +61 8 8234 9555 or / +61 414 822 631




[HUG#1422275]