TMX group

(DNI : TSX-Ven)

TORONTO, Feb. 9 /CNW/ - DUMONT NICKEL INC. (DNI:TSX-Ven) is pleased to
announce that it recently initiated a non-brokered private placement for
approximately $900,000. Initial commitments indicate that the placement has
been significantly oversubscribed. As a result, Dumont intends to complete an
initial closing by February 10, 2006, and a second closing to follow within
ten days thereafter to include additional subscribers.
Certain insiders of Dumont are participating in the Private Placement.
Amounts of each closing will be reported as completed. A commission may be
paid in connection with some of the placements. The placement is subject to
regulatory approvals.
The placement entails issuance of units of Dumont, each unit consisting
of one common share of Dumont and one half of a share purchase warrant (the
"Warrant"), each full Warrant entitling its holder to purchase one additional
common share of Dumont at a price of $0.25 per share for a period of up to 18
months from closing.
Proceeds will be used to continue ongoing drilling over the Kiewit Gold
Zone and the one mile diameter porphyry target area discovered in late 2005.
This drilling commenced in late December, and an initial six shallow reverse
circulation (RC) holes have so far been completed. A core drill rig is
scheduled to mobilize to the field in mid February to deepen some of the RC
holes and to complete other drilling at new locations.

DUMONT is a mineral exploration company with operations in Ontario, Utah
and Nevada. DUMONT is Operator of the Utah Joint Venture which controls
approximately 28 square miles of mineral properties across the historic
Clifton-Gold Hill gold-silver-copper Mining District. DUMONT holds one of the
largest prospective land positions in the Attawapiskat diamond area in the
James Bay Lowlands, Ontario, with a carried interest in the Dumont Joint
Venture previously announced by Metalex Ventures Limited and others actively
exploring the area under the direction of Mr.Charles Fipke. All of DUMONT's
properties are being actively explored either directly by DUMONT or via joint
venture.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

DNI - TSX Venture
Issued: 76,182,677
%SEDAR: 00010711E