European Nickel Receives Waivers on the Berong Nickel Corporation Acquisition

02 June 2008 - London: European Nickel PLC ("European Nickel" or the "Company") (AIM: ENK) is pleased to announce, further to its press release dated 23 May, that it has now received waivers from Toledo Mining Corporation PLC (AIM: TMC) ("Toledo), Nickeline Resources Holdings Inc and Atlas Consolidated Mining and Development Corporation (PSE: AT) ("Atlas") regarding certain pre-emption rights they have on Investika Limited's (ASX, AIM: IVK) ("Investika") holding in the Berong Nickel Corporation ("BNC"). European Nickel hopes to conclude its acquisition of a 19.3% interest in Toledo and an 18.7% direct interest in BNC for a total consideration of US$48.0 million within two business days of 27 June, subject now only to Investika shareholder approval of the transaction at a shareholder meeting to be held on that date. For more information, please visit or contact: Simon Purkiss or Andrew Lindsay, European Nickel Tel: 020 7290 3130 Mike Jones or Andrew Chubb, Canaccord Adams Tel: 020 7050 6500 Peter Barrett-Lennard or Sarah Wharry, RBC Capital Markets Tel: 020 7653 4000 Alex Buck, BuckBias Tel: 020 7244 8053 or Mobile: 07932 740 452 ---END OF MESSAGE---