Canada Nickel Company Inc. announced that it is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble Mineral Exploration Inc. as Canada Nickel consolidates its interests in bulk tonnage nickel projects east of Timmins, Ontario. The option terms include: Exploration expenditures of $1.7 million on the Property (com completed), Cash payment to Noble of $350,000 (com completed), Annual cash payments to Noble of $100,000 (current), Underlying NSR rights to previous claim owners and to Noble (to be registered).