Issue of Employee Options

22.10.2010  |  Globenewswire Europe

22 October 2010 - European Nickel PLC ("European Nickel" or the "Company") (AIM,
PLUS, ASX: ENK) has granted options over 3,966,000 ordinary shares under the
European Nickel Share Option Plan 2010 to various group employees (excluding
directors).

The issue was approved by directors at a board meeting on 19 October 2010 and is
subject to the following terms:
* Strike price of 38 pence
* Vesting is subject to the terms and conditions of the Employee Share Option
Plan approved by shareholders at a General Meeting of the Company on 1
October 2010
* Vesting is subject to the meeting of certain operational criteria.
* All the options granted will vest to each option holder in three equal
annual instalments commencing on the date of grant and will expire unless
exercised on or before 19 October 2015.


Mark Hanlon
Finance Director


For more information, please visit www.enickel.co.uk or contact:
Simon Purkiss, Deputy Executive Chairman, European Nickel Tel: +44 20 7290 3130

Mark Hanlon, Finance Director, European Nickel Tel: +61 8 9226 1111

        44 20 7290 3132

Simon Edwards, Matthew Tyler, Evolution Securities Tel: +44 20 7071 4300

Alex Buck, BuckBias Tel: +44 7932 740 452






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Source: European Nickel PLC via Thomson Reuters ONE


Unternehmen: European Nickel PLC - ISIN: GB00B3XPFJ68