International Nickel Ventures Completes Acquisition Of FNX Mining’s Non-Sudbury Ontario Nickel Properties

TORONTO, ON — December 27, 2007 — FNX Mining Company Inc. (“FNX”-TSX) and International Nickel Ventures Corporation (“INV”-TSX:) announced today that they have completed their previously announced transaction (see press release of November 12, 2007) under which INV purchased 100% ownership in three non-Sudbury, northern Ontario mineral properties from FNX’s wholly-owned subsidiary, Aurora Platinum Corp., in exchange for INV issuing 2.9 million common shares to FNX.

Forward-looking Statements

This news release contains certain forward-looking statements, including statements about the acquisition by INV of certain assets from FNX, the proposed terms and timing of the transaction and the anticipated benefits of the acquisition to FNX and INV. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of FNX and INV to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements, including risks relating to the parties’ ability to complete the transaction and to obtain the necessary approvals, risks relating to either company’s ability to realize the anticipated benefits of the transaction and other risks disclosed in filings with the Canadian securities regulators made by FNX and INV. Accordingly, readers should not place undue reliance on forward-looking statements.