Fletcher Nickel share listing

TORONTO , Jan. 4 /CNW/ - Fletcher Nickel Inc. has not yet obtained approval for the continuation of its share listing on the TSX Venture Exchange and the TSX has discontinued its listing of Fletcher shares as of December 31, 2009 .

The Company has made application for the listing of its shares on the Canadian National Stock Exchange. While these applications are pending, shareholders who wish to execute trades of their Fletcher Nickel Inc. shares should contact their stockbrokers who may in turn contact W.D. Latimer Co. Limited, Jones Gable & Company Limited, or Pope & Company Limited, who may facilitate over-the-counter trading.

The Company's Texmont Mine property has been the subject of negotiations for sale over an extended period. Its liquidation would provide Fletcher Nickel with substantial working capital.

Forward Looking Information: This news release contains or refers to forward-looking information. All information other than statements of historical fact that address activities, events or developments that Fletcher Nickel believes, expects or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements contained in this news release include statements regarding the applications for listing on the TSX Venture Exchange and the Canadian National Stock Exchange, and with respect to the negotiations respecting the sale of the Texmont Mine property. These forward-looking statements are subject to a variety of risks and uncertainties beyond Fletcher Nickel's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements, including the failure to obtain TSX Venture Exchange or Canadian National Stock Exchange approval for listing of Fletcher's shares, or the inability to arrive at an agreement with respect to the sale of the Textmont Mine property. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws Fletcher Nickel disclaims any intent or obligation to update any forward-looking statement whether as a result of new information, future events or results, or otherwise. Although Fletcher Nickel believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

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For further information: Bruce Hodgman, Communications Director, Direct: [phone] (ext: 103), [email protected]