Dear Investor,

The Board of Directors of Westralian Nickel Limited has extended the closing date (initially 18th July 2005) for its Prospectus dated 14 June 2005. The revised closing date is 8th August 2005, however the company reserves the right to close the Offer early or extend the Offer without further notification.

The capital raising is going well however the initial closing date of 18th July 2005 did not make adequate allowance for Eastern States distribution of the Prospectus and receipt in this office of application from investors.

Westralian Nickel Ltd and its Lead Manager RM Capital Pty Ltd decided it was desirable to make the offer Australia wide with the nickel project having national appeal rather than being just a Western Australian project. The company is seeking the broadest possible range of shareholders and has distributed the Prospectus accordingly.

The Company and the Lead Manager have received extensive feedback that many investors and advisors alike have been holidaying after the end of financial year and during the school holidays.

The Company welcomes enquiries from the interested investors on the Prospectus. The company’s exploration program is still on schedule and drilling of the targets will commence immediately following the completion of the capital raising.

The Board notes the nickel price remains strong and the company is excited by the prospect of the extensive exploration on its ground.

Yours sincerely,

Peter Briggs
Executive Chairman