Hard Creek Nickel Completes Non Brokered Private Placement

March 15, 2012 4:20 PM EDT | Source: Giga Metals Corporation

Vancouver, British Columbia--(Newsfile Corp. - March 15, 2012) - Hard Creek Nickel Corporation (TSX: HNC) (the "Company") - The Company has completed its previously announced non brokered private placement, initially targeting 8,400,000 Units.

The Company closed 3,043,333 Units at $0.18 per Unit. Each Unit consisted of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.25 for two years. The securities and warrants issued have a hold period expiring 4 months plus one day after issuance (May 28, 2012 and July 3, 2012).

Hard Creek Insiders that participated in the Private Placement amounted to 30.56% or 930,000 Units.

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

A finders' fee was paid on a portion of this private placement, 6% of gross cash proceeds plus warrants exercisable at $0.25 for two years, equal to 6% of units placed in connection with this private placement.

"Mark Jarvis"

MARK JARVIS, President
HARD CREEK NICKEL CORPORATION

For further information please contact:

Mark Jarvis
President
Hard Creek Nickel Corporation
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.

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