ZNI Zambezi Nickel

RNS Number:5578F
Zambezi Nickel Ltd
03 July 2006

3 July 2006

                                  AGM results


Zambezi Nickel Limited ("Zambezi" or the "Company") (AIM Codes: ZNI and ZNIO),
the AIM-quoted African nickel exploration and development company, today
announces that all resolutions were duly passed at its Annual General Meeting
held last Thursday in Bermuda.


For more information, please contact:



Paul Rankine                                           Laurence Read
Zambezi Nickel Limited                                 Conduit PR
Tel:    +44 20 7193 3728                               Tel:    +44 20 7429 6666
Mob:    +44 795 280 7110                               Mob:    +44 797 995 5923


ADDITIONAL INFORMATION

*    African focused pure nickel exploration/development company

*    Admitted to AIM in October 2005, raising #1.6 million

*    Exploration rights over 3 prospects on 2 project areas (Mitaba & Paulwi) in 
     Zambia

*    Identified a major nickel sulphide-bearing structure which has been 
     trenched & is currently being drilled (Mitaba)

*    4,540 metres diamond drill programme commenced on 28 April 2006, with
     results anticipated to commence in August 2006

*    Strategy to aggressively explore and evaluate currently identified
     mineralisation

*    First stage target - JORC Resource - Q4 2006

*    Strong position from which to evaluate and possibly acquire nickel
     prospects in the region

*    Exploiting shared cost/infrastructure opportunities with AIM quoted
     Zambezi Resources


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

AGMUOVARNURBRAR

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