Legal Information

Forward Looking Statements

This document contains “forward-looking statements”. Forward-looking statements include, but are not limited to, statements with respect to the future price of commodities, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Royal Nickel Corporation (the “Company”) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks relating to the Company's ability to commence production and generate material revenues or obtain adequate financing for its planned exploration and development activities; risks related to international operations; actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of commodities; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; risks related to the integration of acquisitions; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, this list is not exhaustive events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company's forward-looking statements are based on the beliefs, expectations and opinions of management as of the date the statements are made, and the Company does not assume any obligation to update any forward-looking statements if circumstances or management's beliefs, expectations or opinions should change, except as required by law. Accordingly, readers should not place undue reliance on forward-looking statements. 

Cautionary Note to Investors Concerning Resource Estimates and Scoping Study

This document refers to scientific and technical information about Royal Nickel Corporation's project properties based upon historical information and independent reports prepared on behalf of the Company. Resource estimates contained in this document are preliminary resource estimates for the Dumont property, stated in an NI 43-101 technical report prepared by Micon International Limited, dated April 30, 2008, and updated in November 2008, April 2010 and August 2010. Preliminary information on potential mining operations at the Dumont property contained in this document refers to an internally generated Scoping Study on the Dumont Nickel Project, dated September 3, 2010. This Scoping Study will be incorporated into an updated NI 43-101 technical report to be prepared by Micon. 

Cautionary Note to U.S. Investors

The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state, and will not be offered or sold within the United States, except to accredited investors (as defined in rule 501(a) of Regulation D under the 1933 Act) in reliance upon the applicable exemptions from the registration requirements of the 1933 Act.