Release: PT Inco: Monthly exploration report ? Dec 2005

Jakarta, January 10, 2005 -- PT International Nickel Indonesia Tbk (PT Inco) is reporting that the exploration activities for the month of December 2005 is continue to focus on the area within the Contract of Work.

Exploration Area:
o Bahodopi in Central Sulawesi
o Larona area in South Sulawesi

Total Cost:
Estimated at US$344,892

Exploration Method:
o Core drilling HQ-3 size + 8" Large diameter drilling (for Bahodopi only)

Exploration Contractor:
The exploration is conducted by third party and supervised by Exploration Department of PT Inco

Testing Results:
o Drilling continued at block-4A and block-4B areas of the Bahodopi Project. The first stage of drilling program at the Block-4A of Bahodopi continued at grid spacing of 200 meter. Drilling program at the Block-4B at grid spacing of 100 meter completed and we are shipping the samples to a certified laboratory in Jakarta.
o Drilling continued at Soroako Outer Area project of Larona block. Average production constrained by weather and steep terrain conditions in the area. Activities are still on schedule.

Action Plan:
The activity is still ongoing. (end of release)