Nearctic Nickel Mines Inc. Announces Litigation Settlement



    Issued and Outstanding
    29,211,290 Common Shares

    TORONTO, May 5 /CNW/ - Nearctic Nickel Mines Inc. (Pink Sheets:   NNMIF)
(the "Company") is pleased to announce that litigation in Quebec against four
individuals who were sued in respect of a trespass onto the Company's property
in 1998, has been settled on terms agreeable to the Company.
    The Company is also pleased to announce that it has retained counsel to
respond to the Sheppard Arbitration Decision of April 1, 2009 and matters
arising therefrom.

    Caution Concerning Forward-Looking Statements

    The information in this news release includes certain information and
statements about management's view of future events, expectations, plans and
prospects that constitute forward looking statements. These statements are
based upon assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a result of a
variety of factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and indicated by
these forward looking statements. Although Nearctic Nickel Mines Inc. believes
that the expectations reflected in forward looking statements are reasonable,
it can give no assurances that the expectations of any forward looking
statements will prove to be correct. Except as may be required by applicable
securities laws, Nearctic Nickel Mines Inc. disclaims any intention and
assumes no obligation to update or revise any forward looking statements to
reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward looking
statements or otherwise.

    %SEDAR: 00003850E




For further information:

For further information: Paul Vorvis, President, Nearctic Nickel Mines
Inc., Telephone No: (647) 345-6394

Organization Profile

NEARCTIC NICKEL MINES INC

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