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Royal Nickel Corporation is pleased to report its review of activities and financial results for the quarter ended June 30th 2013. All amounts are expressed in Canadian dollars, unless otherwise noted, and are based on the unaudited condensed interim financial statements for the three months ended June 30th 2013.

Mr Tyler Mitchelson, President and CEO said that "Solid progress was made during the second quarter with the announcement of positive feasibility study results for the Dumont project on June 17th and, subsequent to the end of the quarter, the filing of the 43-101 compliant Technical Report on July 25th. Other important accomplishments during the quarter included Red Kite's USD 15 million investment in Dumont and the signing of an MOU to provide a framework to govern the relationship between RNC and the Abitibiwinni First Nation. I look forward to continuing our progress towards RNC's main near term goals of completing a partnership/financing package that will allow us to rapidly advance Dumont into construction following the anticipated completion of the main permitting process by the middle of next year."

SECOND QUARTER AND RECENT HIGHLIGHTS

1. On July 25th 2013, RNC announced that the Dumont Nickel Project NI 43-101 compliant technical report had been filed on SEDAR.

2. On June 17th 2013, RNC announced the positive results of a feasibility study for its Dumont Nickel Project, demonstrating a technically and economically sound project with an after-tax USD 1.1 billion NPV8%.

3. On May 13th 2013, RNC announced that it had closed a royalty financing with RK Mine Finance. Under the terms of the financing, Red Kite acquired a 1% net smelter return royalty in the Dumont Nickel Project for a purchase price of USD 15 million.

4. On April 5th 2013, RNC announced the signing of a memorandum of understanding with the Abitibiwinni First Nation with respect to the Dumont Nickel Project.

5. RNC incurred a net loss of USD 1.9 million for the three months ended June 30th 2013, compared to a net loss of USD 2.1 million for the same period in 2012.