FTJ Fort St James Nickel Corp

Fort St. James Nickel Corp. (TSX VENTURE:FTJ) (the "Company") is pleased to
announce that is has entered into an option agreement (the "option") with the
University of British Columbia ("UBC") to negotiate an exclusive right to use
UBC's technology for the hydrometallurgical extraction of nickel from ultramafic
ores. This technology has been invented or acquired by "UBC" under the direction
of David Dixon Ph.D, P.Eng, professor of the Materials Engineering Department of
the University of British Columbia.


The technology, which has been patented in part, can be described as a process
for the extraction of nickel from ultramafic hosted ore bodies to produce
purified nickel metal or other saleable products containing nickel where the ore
bodies consist of minerals of nickel sulfides, metallic nickel, or nickel-iron
alloys such as awaruite using hydrometallurgical procedures.


An option fee of $15,000 will be paid to UBC. During the Option Period (Dec 12,
2011 to April 1, 2013), UBC will not grant a license to commercially exploit the
technology, within the country of Canada to any other party besides Fort St.
James Nickel Corp.


Fort St. James Nickel has agreed to provide UBC (Materials Engineering
Department) with nickel mineralized ultramafic rock from its Kilometer 26
project to be used in the ongoing research. Due to the relatively low elevation
of the Kilometre 26 property and its excellent infrastructure suitable test
material can be accessed year-round. An initial batch of samples has already
been provided.


The Kilometer 26 Project encompasses 9,819 hectares (24,263 acres), located in
the Omineca Mining Division of British Colombia near the community of Fort St.
James approximately two and a half hours by highway from the city of Prince
George. 


Results are currently pending on the initial five holes from the diamond drill
program which was suspended on December 18, 2011 for Christmas break and is
planned to resume in early February.


J.W. (Bill) Morton, PGeo, a qualified person for the purposes of National
Instrument 43-101, has read and taken responsibility for this news release.


We seek Safe Harbor.

Further detail with respect to recent exploration work conducted on the Property
is available in the Company's website www.fortstjamesnickel.com.


This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Fort St James Nickel
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of Fort St James management on the date the statements
are made. Fort St James Nickel Corp. undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change, except as required by law.

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