Reacquisition of Former Interest in Ungava Mines Inc.

Montreal, Quebec--(Newsfile Corp. - April 1, 2026) - Nearctic Nickel Mines Inc., "the Corporation", advises that it has reacquired its former interest in Ungava Mines Inc.

Accordingly, the Corporation now has an indirect interest in Ungava Mineral Exploration Inc., "UMEI". UMEI is the Plaintiff in an ongoing action against the Quebec government for disguised expropriation and other faults.

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 Companys 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290755

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