Anfield Announces C$22 Million Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES 


Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield") is pleased to announce that
it intends to issue 5.2 million common shares at a price of C$4.25 per share to
raise approximately C$22 million. Approximately C$15 million of common shares
will be issued by way of a non-brokered private placement (the "Non-Brokered
Placement") and approximately C$7 million will be raised pursuant to an
agreement with a syndicate of agents, led by Raymond James Ltd. and including
Canaccord Genuity Corp. and Salman Partners Inc. (collectively, the "Agents"),
who have agreed to offer for sale approximately 1.65 million common shares on an
expedited marketed private placement basis (the "Brokered Placement"). The
Agents will receive a fee equal to 6% of the gross proceeds of the Brokered
Placement. It is currently contemplated that Lumina Capital Limited Partnership
("LCLP") will purchase up to C$7.5 million of the Non-Brokered Placement and
that other insiders will participate in the balance of the Non-Brokered
Placement. Finder's fees may be payable on a portion of the Non-Brokered
Placement.


Closing of the two placements is expected to occur on or about February 28, 2012
and is subject to regulatory approvals. The closing of the two placements is not
conditional on each other, and may occur separately. The common shares issued
pursuant to the Non-Brokered Placement and the Brokered Placement will be
subject to a four month hold period.


The net proceeds from the two placements will be used to complete the
prefeasibility study at Anfield's 100% owned Mayaniquel nickel project located
in Northeastern Guatemala, to repay the amounts owed to LCLP under a current
loan facility and for general corporate purposes.


The two placements are being made in all provinces of Canada and in the United
States in accordance with certain exemptions under the U.S. Securities Act of
1933, as amended, and such other jurisdictions as may be agreed between Anfield
and the Agents, and is subject to the approval of regulatory authorities. The
securities offered have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements. This press release is for information purposes only
and shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.


Anfield Nickel Corp.

David Strang 

CAUTION REGARDING FORWARD LOOKING INFORMATION: This news release may contain
"forward-looking information" within the meaning of the applicable Canadian
securities legislation. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as "intends", "is expected", or
variations of such words and phrases or state that certain actions, events or
results "occur" or "will be taken", and includes forward-looking information
with respect to the anticipated closing of the offerings and the use of proceeds
from the offerings. Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of Anfield to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to risks related to obtaining regulatory approval for the
offerings. Although Anfield has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results to be
materially different from those anticipated, described, estimated, assessed or
intended. 


There can be no assurance that any forward-looking information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Anfield does not undertake to update
any forward-looking information that are included herein, except in accordance
with applicable securities laws.