aim selling dnl., page-4

re: aim selling dnl.wilf Here you go Wilf.

DISCOVERY NICKEL SEEKS $4.5M IN IPO - 21 November 2003

Southern Africa focussed AIM Resources has released a prospectus for the $4.5m IPO of its nickel offshoot, Discovery Nickel.

Discovery Nickel was established in May 2003 as a dedicated nickel sulphide exploration company formed by AIM with the backing of Canadian nickel giant Falconbridge.

Falconbridge vended into Discovery Nickel its Australian nickel-sulphide interests, comprising the Arunta, Litchfield and Musgrave projects. It will provide on-going technical support and expertise to the new company in its capacity as a cornerstone investor and major shareholder.

According to AIM the Arunta, Musgrave and Litchfield projects have potential for the discovery of world-class Voisey's Bay style nickel-copper deposits. Discovery Nickel will also acquire the Cat Camp and Mulgarrie Projects in the world-class Yilgarn province. Both these projects have defined immediate drill targets with the potential for early returns from the discovery of Kambalda and Silver Swan style nickel mineralisation.

According to AIM, exciting nickel-copper targets have already been defined on the Musgrave and Arunta projects from airborne electromagnetic surveys previously flown by Falconbridge. A large geochemical anomaly is ready for drill testing on the Southern Fraser Joint Venture project with BHP-Billiton which Discovery Nickel has acquired from AIM Resources.

Land access agreements are in place for the Arunta and Southern Fraser projects. Drilling of the Southern Fraser Project will occur early in 2004 followed by ground geophysical surveys on the Arunta Project.

Drilling of the Cat Camp and Mulgarrie Projects is planned towards the middle of 2004.

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