Nuinsco Resources Limited announced that it has entered into a loan agreement to provide Victory Nickel Inc. with a secured loan facility of up to $3.0 million. The Loan bears interest at 12% per annum, payable quarterly in arrears, and matures on January 31, 2015. Nuinsco has advanced $1 million of the Loan to be used for general corporate purposes by Victory Nickel. The balance of available funds are to be used to fund capital expenditures relating to the Seven Persons frac sand plant located southwest of Medicine Hat, Alberta which Victory Nickel has agreed to purchase subject to certain conditions. Frac sand is a rare, high-value material widely used in the oil and gas industry to increase flow to the wellhead. Frac sand and fluid are pumped down a well to open fractures in the subsurface rocks and thus create a passageway for oil and gas to flow freely from the reservoir to the well. At Nuinsco's option and under certain circumstances, Nuinsco can elect to receive prepayment of $1.0 million of the Loan from the proceeds of an option payment due from a prior sale of a property and payable in periodic installments through August 2014. Prior to June 1, 2014, Nuinsco has the right to convert the outstanding balance of the Loan into a participating interest whereby Nuinsco is entitled to receive a share of cash flows earned from the sale of frac sand from the 7P Plant. Nuinsco's participation is capped at $10 million, with a minimum of $7.5 million, and is subject to adjustment under certain circumstances. On Conversion, the Loan would be considered paid in full. Nuinsco has also agreed to backstop an equity issue, if any is undertaken by Victory Nickel, with cash or by converting a portion of the Loan into shares, at Nuinsco's option to an amount up to $1.5 million under certain circumstances. In addition to the cash interest payments, Victory Nickel will pay to Nuinsco an arrangement fee of up to $300,000, depending on the amount of drawdown, plus a commitment fee of 1.5% per annum on unadvanced balances, both payable in shares.

Victory Nickel, Inc. announced that it has executed an amended and restated loan agreement in respect of the original $1 million secured loan facility announced on January 25, 2013, whereby the lender has increased the amount available under the secured loan facility to up to $3.0 million. As with the Original Loan, the Amended Loan bears interest at 12% per annum, payable quarterly in arrears and matures on January 31, 2015. The additional amounts available under the Amended Loan are to be used to fund capital expenditures relating to the Seven Persons sand recycling facility located southwest of Medicine Hat, Alberta which Victory Nickel has agreed to purchase subject to certain conditions. At the option of the Lender and under certain circumstances, the Lender can elect to receive prepayment of $1.0 million of the Amended Loan from the proceeds of an option payment due to the company, from the sale of a property and payable in periodic installments through August 2014. Prior to June 1, 2014, the Lender has the right to convert the outstanding balance of the Amended Loan into a participating interest whereby the Lender is entitled to receive a share of cash flows earned from the sale of frac sand from the 7P Plant. The Lender's participation is capped at $10 million, with a minimum of $7.5 million, and is subject to adjustment under certain circumstances. On Conversion, the Amended Loan would be considered paid in full. The Lender has also agreed to backstop an equity issue, if any is undertaken, with cash or by converting a portion of the Amended Loan into shares, at the Lender's option to an amount up to $1.5 million under certain circumstances.

Victory Nickel Inc. announced that it has completed a loan agreement whereby the lender provided the company with a secured loan facility for $1 million. The loan bears interest at 12% per annum, payable quarterly in arrears and matures on January 31, 2015.