INDEPENDENT NICKEL CORP.
102 - 957 Cambrian Heights Drive
Sudbury, ON  P3C 5M6
(the "Company")

NEWS RELEASE

July 20, 2007

Independent Nickel Receives Conditional Approval to List on Toronto Stock Exchange

Sudbury, Ontario – July 20, 2007 – Independent Nickel Corp. (TSX-V: INI) (the “Company”) announced today that it has received the conditional approval of the Toronto Stock Exchange (the “TSX”) for the common shares of the Company to be listed for trading on the TSX.

The TSX listing is conditional on the Company providing various final listing application documents. Trading of the Company’s shares will commence following a review of this documentation to the satisfaction of the TSX. Concurrently with the Company’s common shares beginning to trade on the TSX, the Company’s shares will cease to be traded on the TSX Venture Exchange. The Company’s stock symbol, INI, will remain unchanged.

“Graduation to the TSX in an important milestone for the Company and will help to further increase its exposure within the institutional investment community.” stated Independent Nickel Corp. President and CEO, Richard Murphy.

The Company is in the midst of a 20,000 metre exploration program at its wholly owned Lynn Lake Nickel property. In addition, the Company is progressing with the Lynn Lake prefeasibility study.

Independent Nickel owns 100% of the Lynn Lake Nickel Mine, located in Lynn Lake, Manitoba. The Company also owns a Net Smelter Return Royalty on Victory Nickel Inc.’s Minago Nickel Property, also located in Northern Manitoba. The NSR pays the Company 3% when nickel prices exceed US$6/lb.

FOR FURTHER INFORMATION PLEASE CONTACT:

Independent Nickel Corp.
Richard Murphy, President and CEO
Tel: (705) 521-8444
Email: info@independentnickel.com
www.independentnickel.com

957 Cambrian Heights Drive
Suite 102
Sudbury Ontario P3C 5M6

This document may contain forward-looking statements relating to Seymour Exploration Corp.’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Seymour’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Seymour disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.