Hard Creek Nickel Turnagain Project Update

VANCOUVER, BRITISH COLUMBIA is pleased to provide an update on its 100% owned Turnagain Project, located 70 km east of Dease Lake in British Columbia.

Drilling Update

The largest drilling program in the Company's history has come to an end for 2007. The camp is winterized and shut down for the season. The four drilling rigs will remain on site over the winter. I would like to acknowledge the dedication and hard work of our exploration team led by Tony Hitchins and Chris Baldys in advancing our project to its' current state.

During the 2007 field season the Company has drilled 75 holes for a total of 24,600 metres (80,700 feet). This includes the collection of approximately 4,275 kg (9,425 lbs) of PQ-sized (2.5 inch diameter) drill core for a variety of crushing, grinding and abrasion testwork.

The focus of the 2007 drilling program has been to:

- Determine the spatial limits of the Horsetrail deposit with stepout drill holes,

- Upgrade the confidence in the inferred portion of the Horsetrail deposit,

- Collect large diameter drill core samples for further detailed metallurgical testwork,

- Further explore the extent of the PGE mineralization in the DJ and DB areas, and

- Drill test three exploration target areas; the Mandible, Central and the Cliff Areas.

Assay results have been received for only 19 of the 75 complete drill holes. Given the excellent opportunity for mining in British Columbia and the flurry of drilling activity in the province the local analytical laboratories are overwhelmed with samples coming in at record levels (a near 80% increase in sample volumes). As a result they are approximately 12 weeks behind in delivery times. Analytical results from our program will be released as they become available.

Metallurgical Testwork

The next phase of testwork will be primarily directed towards refining the parameters necessary for projecting actual mill performance. This testwork will be directed by John Hoffert, P.Eng. and carried out by Xstrata Process Support (XPS) in Falconbridge, Ontario and at SGS in Lakefield Ontario.

The XPS testwork will be developed in two phases. The first phase consists of quantitative mineralogy, mineral processing flotation testing including QEMSCAN and Microprobe analyses, one rougher and one cleaner test for mineralogy and metallurgical alignment. This work will be completed by the end of February 2008.

The second phase of XPS testwork includes locked cycle, open cycle testing followed by Mini Pilot Plant testing. The Mini Pilot Plant is unique XPS technology (1 such unit in North America) and is able to operate in continuous mode with roughing, regrinding and column flotation at a feed rate of only 10 kg/hr.

The SGS testwork will be focused on completing a variety of crushing, grinding and abrasion testwork. This work will also be completed by the end of February 2008.

Additional hydrometallurgical testwork is also being completed at SGS under the supervision of Dr. David Dreisinger. More work will follow in 2008.

Updated Resource Estimate and Preliminary Assessment

AMEC Americas Limited of Vancouver, B.C. will audit and update the Turnagain Nickel Project resource estimate (see news release February 12, 2007) as part of the updated Preliminary Assessment (PA). This will be done prior to the receipt of all the 2007 drilling results. It will include all of the drill hole results reported to date; 19 drill holes for a total of 7,595 metres (24, 918 feet), (see news releases for August 13, 2007 and September 25, 2007). All of these holes are located in the proximity of the previously proposed "starter pit area" as identified in the previous 2006 PA. The updated PA is expected by the end of November.

The Turnagain Nickel Project resource has been estimated in early 2007 (see February 12, 2007 News Release for details) with the measured and indicated resource at 428.5 million tonnes grading 0.23% total nickel (0.17% nickel in sulfide) and 0.011% cobalt and an additional inferred resource of 742.9 million tonnes grading 0.23% total nickel (0.17% nickel in sulfide) and 0.011% cobalt. Nickel in sulfide grades are based on ammonium citrate-hydrogen peroxide leach analyses. Ammonium citrate-hydrogen peroxide leach analyses for nickel provide a good estimate of nickel grades present in sulfide form and display excellent correlation with recoveries in metallurgical testwork. When compared with conventional analyses for nickel, the ammonium citrate-hydrogen peroxide leach results range from 60% to 90% of total nickel values. Nickel sulfides are expected to be recoverable by froth flotation. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

This news release has been reviewed and approved by Neil Froc, P.Eng., a qualified person consistent with NI 43-101.

On behalf of the Board of Directors of Hard Creek Nickel Corporation

Mark Jarvis, President

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this news release.

Contacts: Hard Creek Nickel Corporation Mark Jarvis President [phone] [phone] (FAX) Email: [e-mail] Website: www.hardcreeknickel.com