Annulment of J-L Baudouin Arbitration Awards Overturned on Appeal

Montreal, Quebec--(Newsfile Corp. - September 7, 2017) - Glen Erikson, President of Nearctic Nickel Mines Inc "the Company", announces that its indirect subsidiary, Ungava Mineral Exploration Inc. has received a Judgment of the Quebec Court of Appeal in which the Judgment of Honourable Mr. Justice M. Pinsonneault revoking the J-L Baudouin Arbitration Awards, announced on October 11, 2016, has been overturned. It has been decided that leave to appeal this Judgment to the Supreme Court of Canada will be sought.

The Court of Appeal Judgment mentioned dated August 31, 2017, will be annexed to the Material Change Report to be filed in connection with this press release.

For further information, contact:

Glen Erikson
President
Nearctic Nickel Mines Inc.
Telephone No: (905) 274-7188

This news release contains forward-looking statements within the meaning of "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors which may cause the Company's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.