Filing of Final Prospectus

NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, Canada – March 15, 2006 – International Nickel Ventures Corporation announced today that it has filed a Final Prospectus for its Initial Public Offering of Common Shares (the “Offering”). A total of 18,500,000 Common Shares will be issued at a price of $1.20 per Common Share, for gross proceeds to the Company of $22,200,000. The Common Shares of the Company have been conditionally approved for listing on the Toronto Stock Exchange (TSX) under the stock symbol “NVC” and are expected to commence trading on or about March 17, 2006.

The syndicate of underwriters was co-led by CIBC World Markets Inc. and Dundee Securities Corporation, and included GMP Securities L.P. The Company has granted the underwriters an over-allotment option to purchase up to an additional 2,775,000 Common Shares at $1.20 per share exercisable for up to thirty days from the date of closing. As part of the Offering, FNX Mining Company Inc. will purchase $1 million in Common Shares and Teck Cominco Limited will purchase $500,000 in Common Shares.

Closing of the Offering, which is subject to regulatory approval, is expected to take place on or about March 17, 2006. With the completion of the Offering and prior to the exercise of the over-allotment option, International Nickel Ventures Corporation will have 30,532,499 Common Shares issued and outstanding.

The net proceeds of the Offering will be used to complete the recommended programs on the Santa Fé/Iporá Properties and the Goiás Region Properties, as well as towards the acquisition of additional mineral properties and further exploration and for general working capital purposes.

The securities referenced by this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy common shares of International Nickel Ventures Corporation in any jurisdiction.

The final prospectus and technical report on the Company’s properties are available at www.sedar.com.

International Nickel Ventures Corporation is a Canadian company focused on the acquisition, exploration and development of prospective nickel projects in Brazil. Its primary asset is an option to acquire two advanced-stage major nickel laterite deposits, the Santa Fé/Iporá properties in the prolific Goias nickel camp of Brazil, with partner and operator Teck Cominco Limited. In addition, the Company has an extensive land package of underexplored nickel properties in Goias and Para States.

Forward-Looking Statements

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward-looking statements.” Such forward-looking statements include, without limitation, (i) the timing and amount of estimated future capital expenditures and requirements for additional capital; (ii) estimates of mineral resources and realization of mineral resource estimates, and (iii) the timing and amount of estimated future commercial operations. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to actual results of exploration activities, conclusions of economic evaluations, changes in project parameters, variances in ore grade or recovery rates from those assumed in mining plans, ore processing, metals price volatility, currency fluctuations in Canadian and United States dollars relative to each other and to the Brazilian real, the ability to successfully integrate acquired assets, political, operational and environmental risks inherent in mining or development activities, changes in labour costs, labour disputes, and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals. For a more detailed discussion of such risks and other factors, refer to the Company’s prospectus and filings with Canadian securities regulators available on www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Website: www.nickelventures.com