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Abstract
(CCNMatthews - July 10, 2007) - International Nickel Ventures Corporation (TSX:INV) ("INV") is pleased to announce it has entered into an option agreement with BCV - Consultoria e Projetos ("BCV"), a private Brasilian company, to acquire BCV's 100% interest in the Damolandia nickel sulphide property, located in the Anapolis Belt, approximately 60 km north of Goiania city, Goias State, Brasil. It also lies 60 km east of the Americano do Brasil nickel-copper mine (Jaguar Mining Inc. and Prometalica Mineracao Ltda) and 90 km east of the Mangabal nickel-copper deposit, currently being explored by Castillian Resources Corp. Figure 1 shows the property location and Figure 2 provides an overview of INV's other 100%-owned properties located close to Damolandia.
Jim Clucas, Chairman, CEO and President of INV, noted that, "The option on the Damolandia nickel-copper sulphide project enhances INV's current land position in the promising Anapolis nickel sulphide belt and adds a more advanced stage exploration project to the approximately 50 preliminary sulphide exploration targets INV currently holds in the area."
This press release contains certain forward-looking statements. These forward-looking statements are subject to variety of risks and uncertainties beyond INV's ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release there is no guarantee that any drill targets or economic mineral deposits will be found on INV's properties. For a more detailed discussion of such risks and other factors, refer to INV's filing with Canadian securities regulators available on www.sedar.com or INV's website at www.nickelventures.com.