ASX-GNI-534165

18 March 2011

Stuttgart Mining Conference Presentation

ASX Release Stock Code: GNI

Global Nickel Investments NL (“Global Nickel”, “the Company”) is pleased to release its latest investor presentation ahead of the Global Nickel roadshow to be held in Stuttgart later today. The road show is being conducted with European investors by representatives from Global Nickel. Following compilation of a database of over 10,000 geochemical samples, the Company is now looking to commence Phase 3 exploration at its flagship Jutson Rocks project near Laverton in Western Australia. The geochemical database has identified anomalous zones of gold, nickel and copper within the ultramafics and layered mafics of the Jutson Rocks Greenstone Belt.

For further information please contact:

Mr Andrew Mortimer Managing Director Global Nickel Investments NL Phone: +61 (0) 2 9225 4050 Mobile: +61 (0) 433 894 923 Fax: +61 (0) 2 9235 3889

Corporate Presentation March 2011

“Lining up targets across a whole Greenstone Belt”

Andrew Mortimer – Executive Director

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Disclaimer

• This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make their own independent decisions about the affairs, financial position or prospects of the Company which reserves the right to update, amend or supplement any information at any time in its absolute discretion.

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Introduction: The Consolidation Story

• Holds the leading tenement position over the Jutson Rocks Greenstone Belt (JRGB) of Western Australia where, in the 1970’s nickel boom, Tasminex Ltd roared from $3 to $96 a share

• Modern exploration has been largely blocked due to difficulties in securing native title access agreements. Global Nickel has overcome these past issues by finalizing a landmark access agreement with the Cosmo Newberry Aboriginal Corporation

• The EXPLORATION STORY is finally fully primed for Phase 3…

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Before and After: Consolidation Achieved

90% GNI

100% GNI

100% GNI

80% GNI

70% GNI

100% GNI

March, 2011

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Exploration Strategy

March, 2011

• GNI has evolved to narrow in on a highly promising set of adjacent tenements giving it control right across one of the last underexplored greenstone belts in the whole of Australia

• Focused exploration to maximise value • Hard rock exploration in WA ultramafic and layered mafics of the

Jutson Rocks Greenstone Belt (JRGB)• Adjacent licenses are eminent Gold, Nickel, Copper & PGE targets

• Staged exploration:• Phase 1: broad geophysics, mapping, first-pass drilling (completed �)• Phase 2: geochemistry database, targeted geophysics (completed �)• Phase 3: tightening targets and high impact drilling (to begin soon!)

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Global Nickel Overview

• Market Capitalisation of $5m on Issued Capital of:

• 212m ordinary shares (ASX: GNI), last traded at $0.026

• 115m partly paid shares (ASX: GNICA) with 8.25c to pay

• 215m 10c, 30 June 2012 options (ASX: GNIOA)

• Governance and Management• Directors

• Carl Swensson Director and Consulting Geologist (geologist, ex CRA, Bendigo Gold, Normandy Mining)

• Ashley Hood Director and Operations Manager (ex AngloGold Ashanti)

• Lia Darby, Chairman (lawyer, mining executive)

• Andrew Mortimer, Director of Operations (lawyer, mining executive)

• Senior Staff• Peter Peebles, Exploration Manager (geologist, exploration and mining)

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Price: Rebuilding After Phase 1 Excitement

Source: ASX

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Phase 1 exploration excitement

Phase 2 careful data acquisition

Fully primed drilling to

commence in Phase 3

Professional and Informed Programme

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• Expert team assembled and engaged• Gold expertise from Normandy• Local experience with AngloGold Ashanti• Independent reviews and pre-eminent opinions: Jutson Rocks is a

very well known “lost” project• Tight cost control with limited staffing and light overhead

• Multiple sources of historical data• Stunning assay results

• Worked closely with the Cosmo Newberry Aboriginal Community to establish land access• Was the major barrier to exploration – close knowledge was

essential to getting it through. Deed of Agreement now signed • Both Phase 1 and 2 programmes cleared quickly and seamlessly

• Phase 3 to begin soon (planning and drilling of rigorous targets)

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Project Summary

JRGB Areas Tenement Total GNI Interest to be Earned

Areas in the JRGB:

Jutson RocksJutson RocksMt CornellMt VennChapman’s RewardChapman’s RewardJutson Rocks West 1Jutson Rocks West 2Jutson Rocks West 3Mt Venn North

E38/1540E38/1541E38/1850E38/1000P38/3880P38/3881E38/2351E38/2352E38/2353E38/2405

70%70%90%80%100% Application100% Application100% Application100% Application100% Application100% Application

Jutson Rocks,

Mt Cornell & Mt

Venn

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JRGB Overview• GNI’s flagship JRGB projects (Jutson

Rocks, Mt Venn & Mt Cornell) are located 125km northeast of Laverton and comprises E38/1540, E38/1541 and adjacent Mt Cornell license EL38/1850

• Projects cover 60 contiguous strike kilometres of the NNW striking JRGB• Capture approximately 675 km2 of the

JRGB

• Previously demonstrated gold, base metal and platinoid mineralisation, but with minimal follow-up work

• JRGB and surface gold mineralisation indicates large exploration potential

Jutson Rocks

Greenstone Belt

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The Right Location, Looking Next Door…

• Exploration in the more accessible Yamarna greenstone belt suggests regional potential

• Gold, Nickel, and Copper previously identified and many historic gold workings

• Ausgold recently announced positive Ni-Cu anomalism of 31m @ 0.58% Cu and 0.35% Ni drilling one of its VTEM targets at the Yamarna project next to Mt Cornell Source:

www.eleckramines.com.au

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JRGB Historical Results

• Range of exciting results including

• High grade gold in quartz veins with rock chip assays including 208g/t, 201g/t & 165g/t Au

• Layered mafic sills at Mt Cornell and Mt Warren including rock chip sample of 1.31g/t Pt, 0.77g/t Pd & 0.16g/t Au. >20ppb Platinum and Palladium soil anomalies over 2000m x 500m and 4000m x 1000m

• Rock chip sample of quartz veining in dolerite assaying 8.4g/t Au,

3.2% Cu & 3g/t Ag near Mt Cumming

• Komatiitic ultramafics on the JRGB coincident with Nickel and Copper soil anomalies including 890ppm Ni & 165ppm Cu,

7000ppm Ni & 504ppm Cu, 685ppm Ni & 260ppm Cu

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GNI’s JRGB Exploration• Two programmes of airborne geophysics

comprising 2722 line kilometers of VTEM. This work has generated a significant number of bedrock conductors which have been further defined using ground EM over the first survey. Ground EM is currently being conducted on anomalies defined from the second survey

• A programme of reverse circulation drilling targeting the Phase 1 VTEM anomalies and old gold workings. A total of 36 holes were drilled for 5482m targeting priority Phase 1 VTEM anomalies and some old gold workings

• Drilling demonstrated that mineralising processes are operative in the JRGB with low levels of copper mineralisation of up to 0.25% Cu & 0.59% Zn from the basal zones of differentiated dolerite units in the Mt Cornell area and anomalous gold of 0.223 g/t Au over 4m

Initial RC drill holes confirmed mineralisation at

Jutson Rocks

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GNI’s JRGB Exploration (cont.)

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• A complete review of historical data has been completed resulted in a database with over 10,000 geochemical samples and 160 drill holes dating from the 1970’s

• Database processed in Phase 2 included:

• 575 rock chip samples, 7,300 soil samples, 970 vacuum drilling samples, 10 diamond drillholes, 19 percussion drill holes, 60 RC drill holes

• Analysing this data in it’s entirety for the first time has recognised several large copper, nickel and gold geochemical anomalies that have not been drill tested and which add to the targets defined from geophysics

• Recently completed geological mapping has been acquired which has allowed GNI to interpret and prioritise the geophysical and geochemical targets and identify prospective stratigraphy and structures for Phase 3

• Work to date has not only given encouraging results but has generated a large number of prospective targets for Phase 3 drilling

March, 2011

Numerous targets from initial VTEM

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Geochemistry Has Tightened in on Targets

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Anomalous Gold Domains

Anomalous Nickel Domains

Anomalous Copper Domains

Proposed Exploration January-June 2011

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• Prioritising the geophysical anomalies using the recently acquired geological mapping together with the physical parameters of the anomalies

• Completion of the ground EM surveys over the prioritised anomalies from the Phase 2 VTEM programme

• Drilling of these anomalies and possibly other anomalies generated from the Phase 1 VTEM survey

• Identification of areas defined from the historical database for follow up geochemical sampling using modern techniques and assaying

• Implementation of a BLEG (Bulk Cyanide Leach) geochemical survey to generate gold targets over areas of favourable geology and structural complexity defined from geological interpretation of the combined geological and geophysical database.

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Conclusion: Phase 3 to Drive Exploration Value

• Conditions are all aligned• GNI commodities (Au, Ni and Cu) are loved by the market

• Share price rebuilding again after Phase 1 run• Global Nickel’s share price rocketed to more than 10 cents (an

increase of more than 300%) in early 2010 as the company launched Phase 1 of exploration

• The tightly targeted Phase 3 programme to commence

• Team focused and primed

• Events about to run rapidly• Q1 2011: Phase 3 targets defined from Phase 2 VTEM

survey, ground EM and historical data

• Q2 2011: Phase 3 drilling to commence

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Competent Persons Statement

• The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Carl Swensson, who is a Member of the Australasian Institute of Mining & Metallurgy. Carl Swensson is a director of Global Nickel Investments NL and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Carl Swensson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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