International Nickel Ventures to Change Name to INV Metals

TORONTO, ON – February 24, 2010 – International Nickel Ventures Corporation (“INV Metals” or “Company”) (TSX: INV) is pleased to announce that the Board of Directors has approved the change of the Company’s name to INV Metals Inc. The Company’s shareholders will be requested to ratify the name change at the next annual general meeting to be held prior to June 30, 2010. Shareholders will be notified of the date of the annual general meeting in due course.

Mr. Robert C. Bell stated, “The new name demonstrates the Company’s shift from a single commodity focused company to an emerging, diversified mineral resource company with prospective copper and gold exploration properties in the Americas and Africa. The name change to INV Metals Inc. reflects management’s strategy to explore, develop and exploit mineral deposits of a variety of commodities. The “INV” stock symbol has served the Company well since the Company was listed in 2006 and we are excited to expand the use of “INV™” within the Company’s name and in a broader context.”

Please visit our new website at www.invmetals.com.

About INV™ Metals

INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV™ Metals’ primary assets are: (1) its option to acquire 50% of the Rio Novo property, located in Brazil, (2) its option to acquire 50% of the Kaoko property, located in Namibia, (3) its 100% owned Itaporã gold properties, located in Brazil and (4) its option to acquire 50% of the Thorne Lake gold property, located in northwestern Ontario. Please also refer to INV™ Metals’ Management’s Discussion and Analysis dated November 2, 2009 available on SEDAR at www.sedar.com and the corporate presentation on INV™ Metals’ website at www.www.invmetals.com to view additional details relating to the properties.