At September 30, 2008, the Company had working capital, including cash and cash equivalents and cash for exploration expenditures, totalling $6,511,000.

Victory Nickel has over 660 million pounds of in-situ sulphide nickel in NI43-101 measured (154,000,000 pounds) and indicated (511,000,000 pounds) resources in these three projects. The Minago Project has more than 553 million pounds of in-situ nickel in measured plus indicated (M&I) resources and an additional 513 million pounds of inferred resources, making it one of Canada’s largest undeveloped nickel deposits.

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