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International Nickel Ventures Corporation ("INV") is a Canadian mineral resource company focused on the acquisition, exploration and development of base and precious metal projects, with projects located in Brazil and Ontario. INV's primary asset is a 20% beneficial interest in two advanced-stage nickel laterite deposits, Santa Fé and Iporá, in the Goiás nickel camp of Brazil and subject to the closure of the transaction announced on August 4, 2009 (see press release) its option to earn from Teck Resources Limited ("Teck") an initial 50% interest in two high-potential copper-gold-silver projects located in Brazil and Namibia. The Rio Novo property hosts significant iron oxide-copper-gold ("IOCG") mineralization and is located in Carajás, Brazil, one of the most prolific mining districts in the world. At the Kaoko property in Namibia, previous work by Teck intersected considerable widths of typical African Copper Belt style mineralization indicating that the property has exceptional potential for the discovery of a new copper belt.

Ontario

INV has entered into an option-joint venture agreement with Northern Superior Resources Inc. ("Northern Superior") on the Thorne Lake, Ontario gold property. Northern Superior has identified three significant gold grain-in-till dispersal trains on the Thorne Lake property, which is situated in the Ellard Lake greenstone belt, northwestern Ontario. The property is located 15 km west of the past-producing Sachigo River gold mine which historically produced 52,560 ounces of gold at an average grade of 1.1 ounces of gold per ton (38.8 grams of gold per tonne). Northern Superior conducted an exploration program at the property in the fall of 2008, which included the collection of an overburden sample containing 476 gold grains, 454 of which were pristine, from a 10.6 kg sample, indicating the property has high potential to host gold mineralization. Northern Superior will act as field operator of the project and plans to initiate an aggressive exploration program, with the intention of establishing drill targets by the third quarter of 2009..

Under the terms of the agreement, INV may earn an initial 50% interest in the property by funding $1.5 million in exploration expenditures over four years, with a first year commitment of $500,000. Upon INV completing its funding obligations, a joint venture will be formed with INV and Northern Superior both holding a 50% interest in the property. INV may elect to sole-fund additional work programs, after earning its 50% interest, through to the completion of a pre-feasibility study to earn a final interest of 60%.

At the Montcalm property, near Timmins, Ontario, a six hole, 1,530 m drill program was completed in early March. The drilling tested a number of ground electromagnetic ("UTEM") conductors that occur on the property, within the four kilometres of the interpreted strike extension of Xstrata Nickel's Montcalm nickel mine host rocks. Although the original drill program contemplated testing nine UTEM anomalies, the program was terminated after drilling six anomalies as several of the planned drill holes had no readily available water source for drilling purposes due to harsh winter conditions. One anomaly was due to six separate intervals of disseminated to semi-massive sulphide, predominantly pyrrhotite, ranging in core length from 6.2 to 17.5 metres. However, the sulphide sections did not carry anomalous base or precious metal values. Another anomaly was due to the presence of several narrow bands of semi-massive magnetite. Minor disseminated pyrite and pyrrhotite may explain the conductors tested by two of the holes, while two anomalies were not explained.

Given that there is virtually zero outcrop exposure on the property, exploration must rely almost entirely on geophysics, in particular electromagnetic surveys such as UTEM. Any conductors detected could be indicative of a sulphide body similar to the Montcalm orebody and therefore represent valid exploration targets. There are numerous untested conductors, including the three targets which were not drilled during the 2009 winter program due to the conditions. The untested conductors remain of interest and may be drilled at a later date.

Brazil

INV holds a 20% interest in the Santa Fé and Iporá properties in Goiás State. The National Instrument 43-101 ("NI 43-101") mineral resource estimates for Santa Fé and Iporá, using a cutoff grade of 0.8% nickel, are 35.7 million tonnes of Indicated Mineral Resources grading 1.14% nickel, and 104.3 million tonnes of Inferred Mineral Resources grading 1.03% nickel, using all data available to October 15, 2007.

At the Itaporã gold target, located in Pará State, Brazil, a six hole, 1,200 m drill program has commenced to test strong gold in soil geochemical anomalies associated with hydrothermally altered rocks. On the NS-07 property a soil geochemical survey outlined a 3.0 kilometre long anomaly with gold values greater than 10 parts per billion (ppb). The anomalous trend ranges from 200 metres to 800 metres wide. Within this extensive anomaly, there are two discrete, significant, gold geochemical anomalies in soil. The northern anomaly, as defined by values equal to or greater than 80 ppb gold, is approximately 450 metres long, and ranges from about 25 metres wide to 200 metres wide. Within this area, gold values in soil range up to 525 ppb, with a single sample of 24,624 ppb (24.6 grams per tonne) at the centre of the zone. This anomaly is roughly coincidental with moderate induced polarization (IP) chargeability and resistivity anomalies. The southern geochemical soil anomaly is located about one kilometre southeast of the northern anomaly. Based on gold values equal to or greater than 80 ppb gold, it is approximately 450 metres long by 50 to 200 metres wide, with values ranging up to 522 ppb gold. This anomaly is roughly coincidental with a moderate IP chargeability anomaly.