Anfield Nickel Corp.

Nickel Exploration and Development in Guatemala

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Focused on growing the resource base at its 100% owned Mayaniquel nickel laterite project in Guatemala through a 18 month, 44,000m drilling program that began in January 2010. Results continue to indicate exceptional expansion potential within several of the deposits that make up the project. [David Zurbuchen] [June 18, 2010]

Although not quite as large as the nearby Fenix project, acquired by Hudbay Minerals in late 2008 in a transaction valued at approximately $560 million, the average grade of the Mayaniquel project is higher and the expansion potential looks promising based on recent drilling. We're a little suspicious how Anfield was able to acquire the project from BHP earlier this year for only $2.5 million and a 1.5% NSR considering the amount of historical drilling (1,855 holes), but are optimistic that management knew what they were doing.

We're confident in this because management's track record is phenomenal. David Strang is Chairman and Marshall Koval is President. Mr. Srang was one of the masterminds behind the original Lumina Copper Corporation*, having been the President of Global Copper, Lumina Resources, and Regalito, as well as VP Corporate Development for Northern Peru Copper. Mr. Koval was the President of Northern Peru Copper, as well as the former president of Pincock Allen & Holt and Northwest Mining Association.

*Lumina conducted its IPO at C$1.00 in 2003. About two years later, it broke into 4 separate companies, and shareholders of the original Lumina Copper received 1 share of each. These four companies were Regalito Copper, Lumina Resources, Northern Peru Copper, and Global Copper., sold to Pan Pacific (2006), Western Copper (2009), China Minmetals/Jiangxi (2008), and Teck Resources (2008) respectively. When everything was said and done, original Lumina shareholders mutliplied their investment several hundred times. Management is obviously no stranger to creating value for shareholders.

With strong management comes strong capital structure. Shareholder dilution has been kept to a minimum and there is still about $10 million in the bank. We like the looks of the project, and recent drill results have been very impressive, e.g. 45m of 1.56% nickel. With 6 rigs turning on the project, investor's should have plenty of news releases to look forward to over the next 12 months.

With a market cap closing in on $100 million, nickel focus, and a project located in Guatemala, we can't get too excited. But with such strong management and a well-planned drill campaign that should continue to bring eyeballs to the company, it is definately one we'll be watching closely. [David Zurbuchen] [June 18, 2010]