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Inco Board to Evaluate Teck Cominco's Unsolicted Take Over Offer before Advising Shareholders

May 24 2006

Inco Limited has been advised that Teck Cominco Limited has filed documents with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities regarding its unsolicited offer, which is scheduled to expire on July 24, 2006, to acquire all of the issued and outstanding common shares of Inco.

The Board of Directors of Inco recommends that shareholders not take any action with respect to the offer, including tendering any shares, until the Board has fully evaluated the offer and communicated its views to shareholders, which it expects to do next week.

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