European Nickel PLC: Further re ENK Sale of Shares in Toledo Mining ... | Company Announcements

Monday 11 January, 2010

European Nickel PLC

Further re ENK Sale of Shares in Toledo Mining ...







             Sale of Shares in Toledo Mining to Strategic Investor

11 January   2010 -   London:European  Nickel  PLC  ("European  Nickel"  or  the
"Company")  (AIM, PLUS: ENK) announces that it has today sold 2.5 million shares
in Toledo Mining Corporation Plc ("Toledo") (AIM: TMC) to a strategic investor.
European  Nickel  retains  3.19 million  shares  (approx a 7.7% shareholding) in
Toledo  and combined with its direct 18.7% shareholding in the Toledo subsidiary
Berong  Nickel Corporation ("Berong"),  which is controlling  the development of
the  large Berong nickel laterite deposits,  the Company has an effective 23.0%
interest in Berong.  The Toledo shares were acquired in June 2008 as part of the
transaction  in which  European Nickel  acquired its  strategic position  in the
Berong deposits.



For more information, please visit www.enickel.co.uk <

http://www.enickel.co.uk/>
or contact:
Simon Purkiss or Andrew Lindsay, European Nickel
Tel:+44 20 7290 3130

Mike Jones or Andrew Chubb, Canaccord Adams
Tel: +44 20 7050 6500

Alex Buck, BuckBias
Tel: +44 7932 740 452


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