CNI Continental Nickel Limited

Continental Nickel Limited (TSX VENTURE:CNI) ("Continental" or the "Company") is
pleased to announce the grant, pursuant to the Company's Stock Option Plan and
subject to any regulatory approvals, of 407,500 incentive stock options to
officers, directors and employees at an exercise price of $0.98 per share with a
term of five years.


About Continental Nickel

Continental Nickel Limited is focused on the exploration and discovery of nickel
sulphide deposits in geologically prospective, but under-explored regions
globally. Current projects include its 70% controlling interest in the
Nachingwea project in Tanzania, where NI 43-101 Mineral Resources have been
defined and an option joint venture on the St. Stephen project in New Brunswick,
Canada. Continental Nickel has 30,132,395 shares issued and outstanding
(32,849,895 on a fully-diluted basis) and trades on the TSX Venture Exchange
under the symbol CNI. 


On behalf of Continental Nickel Limited

Craig MacDougall, President & Chief Executive Officer

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking
statements". All statements other than statements of historical fact, included
in this release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, future plans and objectives of
Continental Nickel Limited, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from Continental Nickel
Limited's expectations are the risks detailed herein and from time to time in
the filings made by Continental Nickel Limited with securities regulators.

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