Article: INV Initiates Aggressive 2008 Exploration Programs in Canada and Brazil

TORONTO, ONTARIO--(Marketwire - Feb. 7, 2008) - International Nickel Ventures (TSX:INV)(TSX:INV.WT) announces an aggressive C$5.2 million 2008 budget for its 100%-owned exploration projects in Canada and Brazil. The exploration budget for Phase 1 programs at the Montcalm, Lansdowne and Fishtrap properties in Ontario is C$1.5 million. Additional funds will be allocated pending identification of drill targets. The exploration budget for Brazil has been set at C$3.7 million.

The 2008 budget and plan for the Santa Fe-Ipora Joint Venture's advanced nickel laterite project is currently being formulated with joint venture partner Teck Cominco Limited and will be announced when finalized.

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