Corporate Presentation April 2014

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Forward Looking Statements

This presentation contains forward looking statements concerning future revenues and expenses, results of operations, and environmental factors that are in some cases considered forward‐looking statements. These statements are based on numerous assumptions including commodity prices, exploration results, resource availability, and other assumptions that management believes are reasonable based on currently available information, however management’s assumptions and the Company’s future performance are subject to a wide range of business risks and there is no assurance that these goals and projections can or will be met.

This document does not constitute an Offering Memorandum and as such is not intended to solicit funds.

Qualified Person’s Statement

The information in this presentation that relates to Exploration Results is based on information compiled, reviewed or prepared by Jon Findlay, Ph.D, P.Geo. Dr. Findlay is a Qualified Person as defined by National Instrument 43-101, and has reviewed and approved the technical content of this presentation.

Disclaimer

Introduction

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Management

David McPherson, Chief Executive Officer & President - Former senior bank executive

with considerable experience in regional economic development and corporate finance.

Dr. Jon Findlay, Senior Geologist - Professional Geologist with over 21 years experience in exploration and development on diverse deposit types.

Dr. Dale Hull, Chief Operations Consultant - Between 1984 and 2004, Mr. Hull was Director, Economic Policy, Mineral Policy Sector of Natural Resources Canada (Ottawa).

Lisa Buchan, Corporate Secretary, Business Manager - A chemical engineer and MBA, Ms. Buchan has been with Pure Nickel since its inception.

Jennifer Scoffield, Chief Financial Officer - A Chartered Accountant with over 18 years of experience in financial management and reporting in a variety of industries.

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Board of Directors

R. David Russell - Chairman Board of Directors

Mr. Russell has over 33 years of experience in the mining industry. Mr. Russell is also Chairman of Fire River Gold, a director for General Molybdenum and a Director of Central Asia Minerals and Resources. Previously, Mr. Russell was the Founder, President , CEO and Director of the former Apollo Gold Corporation.

David R. McPherson - President and Chief Executive Officer

Mr. McPherson has been President and CEO of Pure Nickel since December 2007. He is a former senior bank executive with considerable experience in regional economic development and corporate finance.

Harry Blum

Mr. Blum is Managing Partner, Collins Barrow and also serves as Senior Partner, Transaction Advisory Services. Collins Barrow has a significant presence in the resource sector serving as auditors for a number of junior mining and exploration companies. Mr. Blum is Chair of the Pure Nickel Audit Committee.

Tom Kofman

Mr. Kofman is Founder and Chairman of M Partners Inc., an independent full-service investment bank. He has more than 25 years of experience in North American Capital markets as both issuer and banker. Mr. Kofman, is a Chartered Accountant.

W. Steve Vaughan

Mr. Vaughan is a leading expert on mining and natural resources law. He is a partner with Dorsey & Whitney LLP, a full service global firm. Mr. Vaughan is Pure Nickel’s chief counsel.

Constantine Salamis

Mr. Salamis, a mining engineer, has been involved in numerous mineral exploration and production companies throughout his 50 year career including Falconbridge Nickel, Inco Ltd., SOQUEM and Manicouagan Minerals, a public company he founded in 2004.

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Capital Structure

Capital Structure (Millions)

Basic Common Shares 68.1

Stock Options 4.7

Warrants 0.0

Fully Diluted Common Shares 72.9

Working Capital $2.5

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A Little Life In The Global Economy

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Global Economy

IMF sees stronger global economic growth in 2014

Globe and Mail, January 21, 2014

Global economic indicators show improvement. But one does not have to be especially astute to see there are dangers that lurk beneath the surface. The Euro Area is out of recession but per capita incomes are still declining in several countries. We expect developing country growth to rise above 5 percent in 2014, with some countries doing considerably better, with Angola at 8 percent, China 7.7 percent, and India at 6.2 percent. But it is important to avoid policy stasis so that the green shoots don't turn into brown stubble.

Kaushik Basu Senior Vice President and Chief Economist at the World Bank

Global Economy To Improve In 2014 and 2015: United Nations Report

International Business Times, January 20, 2014

Fed Slows Purchases While U.K. Growth Picks Up: Global Economy

The global economic expansion is speeding up, data this week are projected to show. In the U.S., a gain in fourth-quarter gross domestic product probably completed the strongest six months of growth in almost two years for the world’s largest economy. The pickup combined with progress in the labor market means Federal Reserve policy makers meeting this week may ease up again on the monetary accelerator.

Bloomberg News , January 25, 2014

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Global Economy

Source: The Conference Board, November 2013

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Positive Outlook for Ni

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Nickel Prices

Indonesia Bans Ore Exports in Push for Metal Smelting – Bloomberg News, January 13,

2014

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Nickel Prices

• Commencing in early January, nickel prices have risen gradually throughout the month.

• Prices have fallen back in past several days as have virtually all metals and markets.

• Upwards pressure appears to have emanated from Indonesia’s ban on the export of nickel ore and a general sense of optimism about the state of the global economy.

• Forecasts for nickel prices vary:

Company Date 2014 Ni Price US$/Ton

2014 Ni Price Cdn$/Ton

2014 Ni Price US$/lb

2014 Ni Price Cdn$/lb

Deutsche Bank 14/01/14 $15,000 $16,566 $7.50 $8.28

Goldman Sachs 21/01/14 $16,000 $17,670 $8.00 $8.84

BMO 14/01/14 $13,200 $14,578 $6.60 $7.29

UBS 17/01/14 $12,800 $14,136 $6.40 $7.07

Macquarie Bank 30/12/13 $15,500 $17,118 $7.75 $8.56

Barclays 09/09/13 $15,000 $16,566 $7.50 $8.28

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Nickel Prices

Ni prices are moving……..

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Implications for Pure Nickel:

• Over the past 5 years the number of Ni focused junior exploration companies has reduced dramatically = less competition

• Ultimately fewer projects that have had ongoing exploration activity

• As Nickel prices increase, the value of active projects can be projected to increase

• For Pure Nickel this could mean improved access to capital and more interest by large cap companies in our large projects

Nickel Prices

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Canadian & Alaskan Exploration Portfolio

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MAN Project

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MAN Project – Location and Access

• South-eastern central Alaska

• 250 km SE of Fairbanks (closest full service community)

• Exploration camp at Tangle River Inn

• 25 km west of Paxson on Denali Highway

• Access via Richardson and Denali highways (paved)

• Power transmission lines to Delta Junction

• Alaska Pipeline adjacent to Richardson Hwy

• Deepwater port at Valdez, Alaska, 300 km, via Richardson Hwy

• Railhead at Fairbanks

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MAN Project – Property Description

• 342 state claims, 581 federal claims, 18,800 hectares

• Held 100% owned by Pure Nickel Inc.

• Claims are owned outright, no NSRs

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MAN Project – Recent Results

• Prior to 2012, exploration focused on drill testing moderate to deep AEM/AMAG anomalies. But serpentinization produces sulphide like anomalies in magnetic and EM surveys

• In 2012, exploration refocused on shallow mineralization using detailed mapping,

soil geochemistry and IP • 2012 program identified new sulphide zones and numerous IP/geochemical

anomalies yet to be investigated • 2013 program confirmed continuity, grade, thickness of the Eureka Zone

• Relative consistency of mineralization will allow an initial resource estimation and

economic evaluation at an early date

• Non-Compliant (43-101) resource calculation has been undertaken

• Resource and grade modelled in Gemcom GEMS mine software using both Ni and Ni EQ

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MAN Project – Recent Results

Eureka Zone • On average an approximately 200m

thick zone of contact style disseminated Ni-Cu-PGE sulphide mineralization in the Alpha complex has been identified

• Intersected and mapped over a strike length of ~ 15km

• Significant tonnage appears possible and the project would compare favourably to other bulk tonnage projects

• There is the possibility of the mineralized zone extending for a considerable distance, perhaps the entire 33 km length of Alpha Complex

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MAN Project – Recent Results

Eureka Zone

Metal Values are reported in situ Ni Equivalent (Ni EQ)% using: US$1500/oz for Au, US$1500/oz for Pt, US$700/oz for Pd, US$14/lb for Co, US$3.5/lb for Cu, US$9/lb for Ni, US$20/oz for Ag

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MAN Project – Recent Results

Hole # From (M)

To (M)

True Width

Au (ppb)

PT (ppb)

PD (ppb)

Co (%)

Cu(%) Ni(%) Ag(%) Ni Eq. (%)

FL-004 108.8 242.6 114.7 24 52 35 0.015 0.05 0.20 0.00 0.26

FL-006 185.0 382.8 160.0 14 57 115 0.019 0.09 0.24 N/A 0.34

05-01A 35.0 136.8 99.9 23 79 49 0.017 0.08 0.25 N/A 0.34

07-001 397.5 659.0 211.6 10 50 114 0.018 0.08 0.24 0.56 0.33

07-002 100.6 388.0 246.4 11 54 37 0.016 0.02 0.21 0.20 0.26

09-020 192.5 394.0 200.4 7 N/A N/A 0.014 0.02 0.24 0.11 0.28

10-028 201.0 488.4 226.4 10 38 82 0.016 0.07 0.21 0.41 0.28

10-029 172.1 399.0 211.8 6 34 77 0.015 0.04 0.21 0.36 0.27

10-030 377.7 729.5 284.6 11 39 74 0.016 0.06 0.20 0.44 0.28

10-035 192.4 471.0 224.6 8 39 81 0.017 0.06 0.23 0.40 0.30

10-036 163.2 559.9 319.7 13 54 121 0.018 0.09 0.25 0.59 0.34

12-063 146.6 241.7 94.8 31 97 156 0.018 0.15 0.24 1.11 0.37

13-069 160.3 373.7 205.2 19 61 122 0.017 0.09 0.24 0.72 0.34

13-071 99.4 247.0 146.8 14 46 76 0.015 0.08 0.17 0.57 0.25

13-072 217.0 432.5 162.6 13 49 104 0.017 0.08 0.20 0.45 0.29

13-073 245.5 376.7 130.5 16 52 118 0.016 0.07 0.22 0.36 0.30

13-074 198.0 453.2 253.9 11 38 91 0.016 0.06 0.20 0.34 0.27

13-075 73.0 116.7 43.4 11 46 105 0.016 0.06 0.23 0.34 0.30 22

MAN Project – Recent Results

Initial Mineralization Model

Isometric View of the central Alpha segment of the Eureka Zone showing topography, surface distribution and resource model

• 5.7 km strike length trending 120° (central Alpha) • Dipping ~35° to the southwest • 100m to 250m thick • Open to depth, to the northwest and to the southeast

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SALT CHUCK Project

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SALT CHUCK Project – Location and Access

• Prince of Wales Island, Southeastern Alaska, USA

• Highly favorable jurisdiction. US$ 278 million in state cap ex funding to 2 projects this years.

• 64 km from Ketchikan (accessed by ferry,

barge or light aircraft) • 16 km by road southwest of Thorne Bay

(paved highways and maintained logging roads)

• 146 Federal Claims, 100% PNI

• 1,071 ha (2,646 acres)

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• Current focus area, 1.5 miles west of Salt Chuck Mine

• Coincident IP chargeability and Au-Cu-Pd soil geochemical anomalies

• Anomalies extend to limits of surveys

• Anomalies coincident with inferred contacts between Hybrid Gabbro/Pyroxenite and Pyroxenite units

• Mineralization at Salt Chuck Mine partially localized at same contacts

SALT CHUCK Project – North Pole Hill

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• Soil anomalies may represent additional structurally controlled mineralization

• 2 – 3 trends: southerly, southeasterly, northeasterly

• Defined potential zones of mineralization with total length of 4 km

• Strike length limited by extent of surveys

• Most significant anomalies remain untested

SALT CHUCK Project – Potential Mineralization

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• Drilling targeted coincident soil geochemical, IP anomalies and Pyroxenite-Gabbro/Pyroxenite Hybrid unit contact

• NPH-12-04 encountered 2.58m (apparent width) grading 29.1 g/t Au. 14.1 g/t Ag and 0.79% Cu

• Hole NPH-12-09, 550m to the east, encountered 5.49m (apparent width) grading 1.2 g/t Au

• Broad zones of anomalous Pd concentrations occurred downhole from Au mineralization

SALT CHUCK Project – North Pole Hill

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WILLIAM LAKE Project

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WILLIAM LAKE Project - Location and Access

• 460 km north of Winnipeg

• 235 south of Thompson

• Southern extension of Thompson Nickel Belt (TNB)

• Access via Provincial Highway 6 from Thompson or Winnipeg

• Network of secondary roads and trails provide property access

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WILLIAM LAKE Project - General Geology

• WL “Trend” portion of property hosts numerous TNB-type nickel occurrences

• TNB is a Paleoproterozoic fold belt at the boundary of Churchill and Superior

• Mineralization occurs in deformed ultramafic bodies and adjacent sedimentary rocks

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WILLIAM LAKE Project - Current Focus

• WL occurrences re-evaluated as potential bulk tonnage deposits in 2013

• W-21 and W-22 have the best potential for initial resource definition and subsequent deposit development

• Ni grade shell models developed in Gems for both prospects

• Results indicate excellent potential for bulk deposits having grade and tonnage characteristics comparable to Minago

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WILLIAM LAKE Project - Byproduct Metals

• Falconbridge assay sampling based on observation of Ni sulphide

• Assay database contains ~15,000 Ni assays but only 3,000 Cu assays, 300 PGE assays, no Co assays

• Re-assay of a small sample of core in 2012

• Limited data indicate significant added value possible through Cu-Co-PGE byproducts

Composite High Grade Sample Re-assay Results, W-22 prospect

Ni % Cu % Co % Au g/t Pt g/t Pd g/t Rh g/t Os g/t Ir g/t Ru g/t

Average 1.69 0.10 0.02 0.12 1.19 1.44 0.23 0.18 0.31 1.03

Max. 9.41 0.44 0.07 0.69 9.25 11.00 2.13 0.63 2.93 10.40

WILLIAM LAKE Project - Plans

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• Resample all W-21 DDHs for Cu, Co and PGE

• Resample 50% of W-22 holes for Cu, Co and PGE

• Re-assess grade shell models with byproduct metals included

• If total in situ metal value warrants, initiate drilling on either prospect to complete initial resource estimate

• Complete internal PEA on resultant resource using published estimates for economic variables from 2013 Minago Feasibility study

TOWER Project

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• Located in southern extension of the Thompson Nickel Belt

• The property is strategically located along a major highway and two sets of power lines

• 35 claims adjacent to Pure Nickel’s William Lake property

• JV with Rockcliff Resources (50/50), Rockcliff may earn an additional 20%

TOWER Project – Location and Access

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TOWER Project – Resource Estimate

Rockcliff Resources filled a NI 43-101 mineral resource estimate on T-1 Deposit

(prepared by Caracle Creek for the T-1 Copper Deposit and press released on January 22, 2013 is detailed below)

Mineral Resources Statement, T-1 Copper Deposit, Manitoba Caracle Creek, December 2, 2012

Resource Category Tonnes Cu% Zn% Ag g/t Au g/t Contained Pounds-Cu

Indicated 1,084,186 3.73 1.05 17.28 0.55 88,968,303

Inferred 1,253,522 2.00 1.02 9.78 0.27 55,154,968

Notes: 1. CIM definitions were followed for the estimation of mineral resources. 2. Mineral resources are estimated at a Cu cut-off of 0.5% 3. Cut-off grade was based on a copper price of US$3.63 per pound 4. Given the tonnage, grade and orientation of the deposit, Caracle Creek considers the T-! Copper Deposit to be reasonably amenable to extraction

using underground mining methods 5. Specific Gravity measurement s were taken on a portion of the samples and where actual measurements were not available an average of 3.00 was

used 6. Mineral resources are not mineral reserves and do not have demonstrated economic viability

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Our Plans

1. Advance Salt Chuck

• Drill Salt Chuck

• Finalize Option if and when appropriate.

2. Market MAN • Release Ni deportment study (?)

• Complete incremental metallurgy work

3. Advance William Lake

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Why Pure Nickel?

• Working capital to support projects

• Well positioned to take advantage of upwards momentum in Ni

prices • 1% NSR (capped at US $8.0 million) from asset sale expected to

commence in 2014 • Well over $100 million has been spent on properties the Company

either owns or has an interest in

• Company has continued to advance portfolio every year since 2007

• New gold discovery in 2012 • Significant upside available at today’s share price

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Pure Nickel Inc.

95 Wellington St. West, Suite 900, Toronto, Ontario, Canada M5J 2N7

T 416.644.0066 F 416.644.0069

info@purenickel.com

CHF Investor Relations

90 Adelaide St. West, 6th floor, Toronto, Ontario, Canada M5H 3V9

T 416.868.1079 cathy@chfir.com

www.chfir.com or on twitter @CHF IR

Disclaimer This document contains forward looking information.

These statements are based on numerous assumptions including commodity

prices, exploration results, resource availability, and other assumptions that

management believes are reasonable based on currently available information,

however management’s assumptions and the Company’s future performance

are subject to a wide range of business risks and there is no assurance that

these goals and projections can or will be met. This document does not

constitute an Offering Memorandum and as such is not intended to solicit funds.

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