Reminder: RNC will host a conference call/webcast today at 11:00 a.m.
(Eastern time) to provide a nickel market update and discuss recent RNC
news (access information below)

TORONTO, April 14, 2014 /CNW/ – Royal Nickel Corporation (“RNC”) (TSX:
RNX) is pleased to announce it has gained exposure to the highly
prospective Aer-Kidd nickel-copper-platinum group metals project in
Sudbury through the acquisition of a 25% interest in Sudbury Platinum
Corporation (“SPC”) for a consideration of CDN$1.5 million.

SPC, a private subsidiary of Transition Metals Corp., holds an option to
earn up to 70% of the Aer-Kidd property.

“Opportunities to participate in compelling Sudbury area sulphide
exploration plays such as Aer-Kidd are rare and I am pleased that RNC
will gain exposure to the upside potential of this promising project. I
am very enthusiastic about Aer-Kidd’s untested potential at depth given
its location on the Worthington offset dyke between known high grade
Ni-Cu-PGE resources at the Totten mine (Vale) and the Victoria project
(KGHM),” said Mark Selby, interim President and CEO of Royal Nickel
Corporation. “The SPC management team, led by Scott McLean, has a track
record of consistent exploration success in the Sudbury Basin such as
discovering Glencore’s Nickel Rim South mine. Adding exposure to
Aer-Kidd’s exploration potential is an excellent complement to our core
asset, the Dumont Nickel Project, at a time when I believe there is
significant upside for nickel prices as we enter a period of structural
shortage in nickel supply.”

Scott McLean, President and CEO of Transition Metals stated “We are
pleased to partner with Royal Nickel on this project through our shared
ownership in Sudbury Platinum. We are looking forward to advancing this
opportunity aggressively in 2014.”

Aer-Kidd Project
Aer-Kidd is a 280 hectare property covering approximately 1.3 kilometres
of the Worthington Offset (Worthington offset) Dyke located near
Worthington, Ontario in the Sudbury Basin area. Past production on the
Aer-Kidd property has come from numerous shallow underground and
surface workings (Howland Pit, Rosen and Robinson Deposits).

The Aer-Kidd property is located centrally between two significant known
resources also on the Worthington offset, Vale’s Totten mine (10.1
million tonnes grading 1.5% Ni, 1.97% Cu, 4.8g/t PGM)¹ and KGHM’s Victoria project (14.5 million tonnes grading 2.5% Ni, 2.5%
Cu, 7.6 g/t PGM)².

^{_______________________________
1} Resource reported by Inco Limited in news release dated January 18,
2001
² Resource reported by KGHM in news release dated January 16, 2012

At Aer-Kidd, there has not been any significant testing of
mineralization at depth as shown in figure 1 below.

http://files.newswire.ca/946/RNC_Figure1EN.pdf

The disclosure of the technical information contained in this news
release has been approved by Alger St-Jean, P. Geo., Vice President
Exploration of RNC, and a Qualified Person under NI 43-101.

RNC’s Investment in SPC
Under the terms of the investment, RNC has acquired 6 million units of
SPC (“Unit”) at a price of CDN$0.25 per Unit representing a total
consideration of CDN$1.5 million. Each Unit consists of one (1) SPC
common share (“Common Share”) and one (1) SPC common share purchase
warrant (“Warrant”). Each Warrant entitles the holder to acquire one
(1) Common Share of SPC for a period of eighteen (18) months from the
date of issue, at an exercise price of $0.45 per share. Currently,
SPC’s main asset is an option to earn up to 70% interest in the
Aer-Kidd property which is 100%-owned by Canickel Mining Company
Limited.

Additional Information:

• Provided RNC holds at least a 10% equity position in SPC, RNC will have
  a pre-emptive right to maintain its pro rata share position on all
  subsequent equity financings for a period of 18 months from the closing
  of the financing.
• Provided RNC holds more than 15% of the equity of SPC, it is entitled to
  appoint one director to the SPC board.

Conference Call
Royal Nickel will be hosting a conference call and webcast today to
provide a nickel market update and discuss recent RNC news beginning at
11:00 a.m. (Eastern time).

Live Conference Call and Webcast Access Information:
North American callers please dial: 1-888-231-8191
Local and international callers please dial: 647-427-7450

A live webcast of the call will be available through CNW Group’s website
at: www.newswire.ca/en/webcast/index.cgi

A recording of the conference call will be available for replay for a
one week period beginning at approximately 1:00 p.m. (Eastern Time) on
April 14, 2014, and can be accessed as follows:

North American callers please dial: 1-855-859-2056; Pass Code: 19639186

Local and international callers please dial: 416-849-0833; Pass Code:
19639186

About Sudbury Platinum Corp
Sudbury Platinum Corp is a Canadian private corporation focused on
exploring for nickel, copper and platinum group metals in the Sudbury
Area. The company is exploring the Aer-Kidd property, an advanced
exploration property located on the prospective Worthington Offset dyke
in the heart of the Sudbury mining camp, and holds a 100% interest in
the Owen Nickel property. The company vision is to become a mine
developer in the Sudbury district. Additional information regarding the
company and project can be found on the Sudbury Platinum Corp Web Site.

About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily
on the acquisition, exploration, evaluation and development of base
metal and platinum group metal properties. RNC’s principal asset is the
Dumont Nickel Project strategically located in the established Abitibi
mining camp, in the municipalities of Launay and Tr cesson, 25
kilometres northwest of Amos, Quebec. RNC has a strong management team
and Board with over 100 years of mining experience in the nickel
business at Inco and Falconbridge. RNC’s common shares trade on the TSX
under the symbol RNX.

Cautionary Statement Concerning Forward-Looking Statements
This news release contains “forward-looking information” including
without limitation statements relating to the upside and potential of
the Aer-Kidd property, nickel prices and the structural shortage in
nickel supply.

Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling at Aer-Kidd; inability on the part of SPC to raise
the money necessary to incur the expenditures required to earn an
interest in the Aer-Kidd property; environmental liabilities (known and
unknown); general business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the mining
industry; political instability, terrorism, insurrection or war; or
delays in obtaining governmental approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to RNC’s filings with Canadian
securities regulators available on SEDAR at www.sedar.com.

Although RNC has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are
made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.

Information Concerning Aer Kidd and Neighbouring Properties:
Information concerning Aer-Kidd and neighbouring properties in this news
release is taken from sources, some of which are historical, that RNC
believes to be reliable, but RNC has not verified the information and
does not assume responsibility for such third party information.

SOURCE Royal Nickel Corporation

PDF available at: http://stream1.newswire.ca/media/2014/04/14/20140414_C9631_DOC_EN_39181.pdf