Hard Creek Nickel Corporation Completes First Tranche of Non Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - January 27, 2012) - Hard Creek Nickel Corp. (TSX: HNC) announces that it has completed the first tranche of the 8.4 Million Unit non-brokered private placement previously announced January 9, 2012 and terms amended January 24, 2012.

The Company completed the placement of 2,087,778 Units at $0.18 Cdn. per Unit for gross proceeds of $375,800.04.

Proceeds of the private placement will be used for general working capital.

The private placement remains subject to regulatory acceptance and approval.  

On behalf of the Board of Directors,

“Mark Jarvis”

     MARK JARVIS, President
HARD CREEK NICKEL CORPORATION

 FOR FURTHER INFORMATION PLEASE CONTACT:

Mark Jarvis
Hard Creek Nickel Corp.
President
604-681-2300
604-681-2310 (FAX)
info@hardcreek.com
www.hardcreeknickel.com

The TSX has not reviewed this news release and does not accept responsibility for the accuracy or adequacy of this news release.