CORRECTION - Canadian Royalties Inc., Glenn Mullan and Bruce Durham Settle
Their Action Against Nearctic and its Directors on Eve of Trial

    
                                                       Issued and Outstanding
                                                     29,211,290 Common Shares
    

TORONTO, Sept. 22 /CNW/ - Nearctic Nickel Mines Inc. (Pink Sheets: NNMIF) (the "Company") announces that Canadian Royalties Inc., Glenn Mullan and Bruce Durham have settled the action against the Company and certain individuals, first reported in the Company's Press Release dated 5 January, 2007.

As a separate matter, the Company announces that Glen Erikson has been appointed to the Board of Directors.

This Press Release replaces that one dated 14 September, 2010.

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.

For further information: Paul Vorvis, President, Nearctic Nickel Mines Inc., Telephone No: [phone]