Leave to Appeal to Supreme Court of Canada Filed Regarding J-L Baudouin Arbitration Awards

Montreal, Quebec--(Newsfile Corp. - November 6, 2017) - Glen Erikson, President of Nearctic Nickel Mines Inc. NNMIF (the "Company"), announces that it and its indirect subsidiary, Ungava Mineral Exploration Inc., have filed an Application for Leave to Appeal with the Supreme Court of Canada seeking to appeal a Judgment of the Quebec Court of Appeal overturning the Judgment of Justice Pinsonnault revoking homologation of arbitration Awards rendered in 2014 by J-L Baudouin.

The Court of Appeal Judgment, dated August 31, 2017 was the subject of the Company's press release dated September 7, 2017.

The text of the Memorandum of Argument of the Application for Leave, will be annexed to the Material Change Report which the Company will file on Sedar 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.