ASM Avino Silver And Gold Mines Ltd (delisted)

Victory Nickel Inc. (the "Company") (TSX:NI) (www.victorynickel.ca) today
announced that the first hole drilled on the "North Limb" zone in its 2010
winter program at its 100%-owned Minago nickel project returned 133m grading
0.5% nickel, further demonstrating the wide distribution and impressive
intersections of nickel mineralization that are not currently included in any
resource estimate.


Drill hole DDH V-10-13 is located approximately 700m north of the proposed open
pit, and is 100m south of, and parallel to, hole DDH N-5, which was drilled in
2005 and intersected 81.34m grading 0.59% Ni. The North Limb is a north-trending
linear domain of nickel mineralization of at least 1.5km in length that extends
north from the Minago Nose Deposit, where the entire reported Minago nickel
resource is located.


"The significant width encountered in hole V-10-13, combined with its location
adjacent to the previous intersection in DDH N-5, demonstrates continuity of the
nickel mineralization at Minago, and shows that the North Limb has the potential
to add significantly to the nickel resource on the Property," said Paul Jones,
Vice-President, Exploration.




Results of note from DDH V-10-13 are as follows:                            
                                                                            
  DDH No.             From            To          Int (m)         Ni (%)    
  V-10-13            98.49          103.72          5.23          1.649     
                     180.77         314.63         133.86         0.496     
  including          259.12         311.95         52.83          0.605     
  including          221.00         249.00         28.00          0.638     



DDH V-10-13 comprises part of a 26 drill-hole program conducted during the
winter of 2010. 23 drill-holes targeted the portion of the Minago Nose Deposit
resource located within the projected open pit while three holes (including
V-10-13) were drilled on the North Limb mineralization which is outside of the
known resource area.


The current work program is in large part directed at expanding the near-surface
resource at Minago to further enhance the economics of the deposit. As expected,
drilling continues to intersect nickel mineralization at the top of the deposit
near the contact with the immediately overlying sandstone (frac sand). This
nickel mineralization was excluded by Wardrop, a Tetra Tech Company, from the
resource and reserve estimates used in the Minago Definitive Feasibility Study
due to a perceived lack of drill coverage (see news release dated May 28, 2010).
In addition, a significant portion of in-pit resources currently classified as
Inferred are expected to be upgraded to at least the Indicated category for
inclusion in future economic evaluations. An increase of 3.6 million tonnes of
resources is expected to improve the net present value by approximately $80
million at an 8% discount rate.


The drill program is being supervised by Paul Jones, Vice-President, Exploration
for Victory Nickel, who acts as QP under National Instrument 43-101 and has
reviewed and approved the contents of this news release. The results tabulated
here report total nickel values. All intervals reported in this news release are
core lengths. True widths have not yet been established. All analytical results
were produced by TSL Laboratories of Saskatoon, Saskatchewan.


Annual and Special Meeting

As a reminder, the Company's Annual and Special Meeting for Shareholders ("ASM")
will take place today, June 22, 2010, at 4:00 p.m. Toronto Time at the Toronto
Board of Trade, 1 First Canadian Place, Toronto, Ontario. The ASM will be
webcast and can be accessed through Victory Nickel's website at
www.victorynickel.ca. For those attending via webcast who wish to ask questions,
please e-mail sean.stokes@rogers.blackberry.net.


About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits
containing significant NI 43-101- compliant nickel resources. Victory Nickel is
focused on becoming a mid-tier nickel producer by developing its existing
properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in
northwestern Quebec, and by evaluating opportunities to expand its nickel asset
base. Victory Nickel also owns approximately 9% of Prophecy Resource Corp. (TSX
VENTURE:PCY) and approximately 5% of Wallbridge Mining Company Limited (TSX:WM),
the third largest landholder in the Sudbury Basin, which in turn owns
approximately 12.9% of Duluth Metals Limited.


For further information, please visit www.victorynickel.ca. Should you wish to
receive Company news via email, please email chelsea@chfir.com and specify
"Victory Nickel" in the subject line.


Forward-Looking Information: This news release contains forward-looking
information. All statements, other than statements of historic fact, that
address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future constitute forward-looking
information. This forward-looking information reflects the current expectations
or beliefs of the Company based on information currently available to the
Company. Forward- looking information is subject to a number of risks and
uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking information, and even if
such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to differ materially
from current expectations include, among other things: uncertainty of estimates
of capital and operating costs, production estimates and estimated economic
return; the possibility that actual circumstances will differ from estimates and
assumptions; uncertainties relating to the availability and costs of financing
needed in the future; failure to establish estimated mineral resources;
fluctuations in commodity prices and currency exchange rates; inflation;
recoveries being less than those indicated by the testwork carried out to date
(there can be no assurance that recoveries in small scale laboratory tests will
be duplicated in large tests under on-site conditions or during production);
changes in equity markets; operating performance of facilities; environmental
and safety risks; delays in obtaining or failure to obtain necessary permits and
approvals from government authorities; unavailability of plant, equipment or
labour; inability to retain key management and personnel; changes to regulations
or policies affecting the Company's activities; the uncertainties involved in
interpreting geological data; and the other risks disclosed under the heading
"Risk Factors" and elsewhere in the Company's annual information form dated
March 31, 2010 filed on SEDAR at www.sedar.com. Forward-looking information
speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information due to the
inherent uncertainty therein.

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